Sidley Austin and Jingtian & Gongcheng have advised Haidilao International Holding, one of China’s most popular hotpot chains, on it $964 million Hong Kong initial public offering, with Clifford Chance and Grandall Law Firm representing the sponsors.

According to Reuters, the IPO will fund the chain’s international expansion into markets including the UK and Canada. Haidilao already operates in Japan, South Korea, the United States, and Singapore, and is planning to tap new markets. 

The company mainly serves spicy Sichuan style hotpot and is popular for the free services and entertainment such as manicures and board games offered to waiting customers.

Other firms representing Haidilao were offshore firm Conyers Dill & Pearman, Taiwan’s Lee and Li Attorneys-at-Law and Singapore’s Drew and Napier

The Clifford Chance team was led by China co-managing partner Tim Wang, and partners Virginia Lee and Jean Thio.

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