Little Sheep Group Ltd (Little Sheep), China's leading full-set service chain hot pot restaurant operator, debuted on HKMB, on June 12. It became China's first listed hot pot restaurant operator so far. Little Sheep issued 245 million shares priced at HK$3.18, raising HK$462M of net proceeds (prior to the exercise of over-allotment option).

According to Daizong Wang, Executive Director & CFO of Little Sheep, approximately 60% of the proceeds will be used to open 150 new restaurants from the second half of this year to 2010 and to renew the existing 50 restaurants; about 10% of the proceeds to acquire franchised restaurants and attractive brands or businesses; about 20% of the proceeds to upgrade the facility for mutton processing and soup selection producing; about 5% of the proceeds to update the corporation's facilities and the rest to maintain the daily operation of the company.