South Beauty will go public in Hong Kong later this summer the earliest, the Wen Wei Po reported.

The Chinese restaurant chain aims to raise $100 million to $200 million.

The exact date of IPO has not been revealed.

Deutsche Bank and UBS will be the co-lead underwriters, the Hong Kong newspaper said.

Founded in 2000, the Beijing-based South Beauty has developed more than 60 restaurants in locations across the country including Beijing, Shanghai, Chengdu, Shenzhen, Qingdao, Suzhou, Tianjin and Shenyang.

South Beauty also has three high-end brand restaurants: South Beauty, Lan Club and SUBU restaurant.

Liwoke@chinadaily.com.cn