MasterBeef Group, which operates 12 Taiwanese hotpot and barbecue restaurants in Hong Kong, raised $8 million by offering 2 million shares at $4, the low end of the range of $4 to $5.
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."
MasterBeef Group plans to list on the Nasdaq under the symbol MB. Dominari Securities and Revere Securities acted as joint bookrunners on the deal.
