Xiaocaiyuan International Holding Ltd (Ticker: 999 HK) is a retail company operating in the restaurant industry, specializing in Hui cuisine and Chinese catering. The company, whose name means “Little Vegetable Garden”, has over 661 directly operated stores across major regions in China and provides cold-chain logistics services to its locations.

Xiaocaiyuan is listing on the Hong Kong Stock Exchange on December 20, 2024. The IPO included 101.18 million shares priced at HKD 8.50 each, raising HKD 860.04 million (USD 110.63 million). The market capitalization at the offer is HKD 10 billion (USD 1.29 billion). The offering was managed by ABCI Securities Co. Ltd., CMB International Capital Corp. Ltd., Guoyuan Securities Brokerage Hong Kong Ltd., Huatai Financial Holdings Hong Kong Ltd., and ICBC International Securities Ltd.