South Beauty to go public in HK

South Beauty will go public in Hong Kong later this summer the earliest, the Wen Wei Po reported.

The Chinese restaurant chain aims to raise $100 million to $200 million.

The exact date of IPO has not been revealed.

Deutsche Bank and UBS will be the co-lead underwriters, the Hong Kong newspaper said.

Founded in 2000, the Beijing-based South Beauty has developed more than 60 restaurants in locations across the country including Beijing, Shanghai, Chengdu, Shenzhen, Qingdao, Suzhou, Tianjin and Shenyang.

South Beauty also has three high-end brand restaurants: South Beauty, Lan Club and SUBU restaurant.