Hong Kong hotpot operator Happy City (HCHL.US) IPO priced at $5 per share will be listed on Nasdaq tonight.

Happy City (HCHL.US), a chain hotpot restaurant operating in Hong Kong, has announced the pricing terms for its IPO. The company will issue 1.1 million shares at a price of $5 per share (at the lower end of the $5 to $7 price range) to raise $6 million. The company will issue 100,000 more shares than expected. Happy City's stock is expected to start trading on Nasdaq on June 24 under the ticker symbol "HCHL". Happy City operates three buffet-style restaurants in Hong Kong specializing in Thai and Japanese hotpot. These restaurants are located in Tsuen Wan in the New Territories, Mong Kok in Kowloon, and North Point on Hong Kong Island. Their menu includes a variety of meats, seafood, vegetables, and noodles, and they provide customers with a range of dining time limits. Dominari Securities, Revere Securities, and Pacific Century Securities are the joint bookrunners for this IPO transaction.