MasterBeef Group, which operates 12 Taiwanese hotpot and barbecue restaurants in Hong Kong, filed on Tuesday with the SEC to raise up to $8 million in an initial public offering.
MasterBeef is a full-service restaurant group in Hong Kong, specializing in Taiwanese hotpot and Taiwanese barbecue. Through its operating aubsidiaries, the company operates 12 restaurant outlets under the brands "Master Beef" and "Anping Grill."
The Hong Kong-based company was founded in 2019 and booked $67 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol MB. MasterBeef Group filed confidentially on July 3, 2024. Revere Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
