Technomic Global Foodservice Navigator

Going public amid the pandemic

The No. 20 chain in China, Heytea is reportedly prepping for an IPO in Hong Kong in the near future
Heytea Instagram/Technomic
The No. 20 chain in China, Heytea is reportedly prepping for an IPO in Hong Kong in the near future

The global pandemic is hitting restaurants particularly hard, yet these operators are looking to go public.

Kyochon | Chicken | Fullservice

South Korea’s No. 11 chain has been prepping its IPO since 2018 and got clearance for it in September.

Paik’s Coffee | Coffee | Quickservice

The Born Korea, parent of South Korea’s No. 4 coffee chain, began prepping its IPO in April.

Barbeque Nation | Varied Menu | Fullservice

India’s biggest FSR got greenlighted for its IPO in July and hopes to fetch up to US$200 m.

Heytea | Specialty | Quickservice

The innovative cheese-tea pioneer reportedly plans to launch its IPO in Hong Kong next year.

Nayuki Tea | Specialty | Quickservice

After a reported US$100 m funding round, the China-based tea chain plans to launch an IPO in Hong Kong.

Tealive | Specialty | Quickservice

Malaysia’s second-fastest-growing chain expects to raise up to US$72 m with a planned IPO in 2021. 

Guzman y Gomez | Mexican | Quickservice

Australia’s No. 2 chain in the Mexican category, Guzman y Gomez started readying its IPO after the crisis hit.
About Technomic Global Foodservice Navigator
US-based market researcher Technomic tracks in this program restaurant chain news and developments daily across 25 countries in a dozen languages.


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