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Little Sheep Going Public

HONG KONG, May 22 (Reuters) – Chinese hot pot restaurant Little Sheep Group Ltd plans to raise as much as $105.7 million in a Hong Kong initial public offering, a source with direct knowledge of the deal said on Thursday.

The company, in which private equity firm 3i Group Plc (III.L: Quote, Profile, Research) has stake, is selling 224 million shares at HK$2.68-HK$3.68 each, the source said.

Merrill Lynch (MER.N: Quote, Profile, Research) and Deutsche Bank DBKGn.DE are sponsoring the deal.