Freshfields Bruckhaus Deringer has advised the underwriters on the US$146m IPO of Xiabuxiabu Catering Management (China) Holdings Co., Ltd. (Xiabuxiabu) on the Hong Kong Stock Exchange, which listed yesterday.

Xiabuxiabu is a leading fast casual restaurant operator in China which offers bar-style hotpot cuisine.

Freshfields advised the underwriters, Bank of America Merrill Lynch and Credit Suisse, on both the Hong Kong and US law aspects of the transaction.

The Freshfields capital markets team was led by corporate partner Richard Wang in Beijing and US corporate partner Calvin Lai in Hong Kong.