Yuen Kee Food Secures HKEX Listing Approval, Eyes October IPO
SCMP · 1 SOURCESabout 2 hours ago2 MIN
Summary
Yuen Kee Food Group, the operator of the popular Yuen Kee Dumpling chain, has received listing approval from the Hong Kong Exchanges and Clearing (HKEX), marking a significant milestone in its initial public offering (IPO) journey. The company, which operates one of Hong Kong's most recognizable dumpling brands, is targeting a fundraising of HK$300 million to HK$400 million (approximately US$38.3 million). With the listing hearing concluded, the firm is now preparing to kick off its public offering in October 2026, according to sources familiar with the matter.
Key Points
- Yuen Kee Food Group cleared its HKEX listing hearing, entering the final stage of its IPO process
- The company seeks to raise between HK$300 million and HK$400 million, with an October 2026 offering planned
- BA Capital, a China-focused consumer investment firm that previously backed Pop Mart and Heytea, participated in three pre-IPO funding rounds
- Huatai International and GF Securities are serving as joint sponsors for the listing
- As of late May 2026, the group operates 4,773 outlets across more than 250 mainland Chinese cities, with 41 overseas stores in Singapore, Britain and Thailand
- The company entered Hong Kong in 2018 and now has over 40 local stores, generating 2.7 billion yuan in operating revenue in 2025
Why It Matters
Yuen Kee's IPO will test investor appetite for food franchising models following the successful listing of similar asset-light operators like Mixue. For Hong Kong, the debut adds a homegrown culinary brand to the local exchange, potentially attracting both retail and institutional investors interested in China's expanding consumer food sector .
Yuen Kee's IPO will test investor appetite for food franchising models following the successful listing of similar asset-light operators like Mixue. For Hong Kong, the debut adds a homegrown culinary brand to the local exchange, potentially attracting both retail and institutional investors interested in China's expanding consumer food sector .