Futu Information reported on March 16 that $DPC DASH (01405.HK)$The company announced that it will conduct its IPO from March 16 to March 21. The company plans to issue 12,799,000 shares, of which 1,280,000 shares are for public offering and approximately 11,519,000 shares for international offering. The issue price is between HKD 46-55 per share, with a minimum lot size of 100 shares, and it is expected to be listed on March 28.
Dazhong Shares is the exclusive master franchisee of Domino's Pizza in mainland China, the Hong Kong Special Administrative Region, and the Macao Special Administrative Region. As of the latest practicable date, the company operates 604 directly-run stores across 17 cities in mainland China.
Since 2018, Dazhong Shares has been focusing on expanding its store network, making it the fastest-growing company among the top five pizza brands in China. According to the Frost & Sullivan report, it ranked as the third-largest pizza company in China based on revenue in 2022. During the performance record period, its number of stores increased by 119.4% to 588 stores as of December 31, 2022.
Based on global retail sales in 2022, its global franchisor, Domino’s Pizza, Inc., is the largest pizza company globally, with over 19,800 stores across more than 90 markets as of January 1, 2023.
After 62 years of development, Domino's has developed a distinctive business model, focusing on providing high-quality handmade pizzas at competitive prices...