Chinese hotpot chain Haidilao pared early gains and ended 0.11 percent higher at 17.82 Hong Kong dollars (2.28 US dollars) on debut in Hong Kong, China's Special Administrative Region on Wednesday.

Haidilao's shares soared as much as 10.3 percent in early trading on its Hong Kong debut after raising nearly 1 billion US dollars in its initial public offering (IPO). Shares surged to as much as 19.64 Hong Kong dollars at one point from an IPO price of 17.80 Hong Kong dollars, which was already at the top end of its target range.

The Sichuan hotpot operator is known for its good customer service, with queuing diners provided with snacks, tea and even manicures. It was co-founded by former tractor factory worker Zhang Yong in 1994, and already operates in Japan, South Korea, the US and Singapore and has more than 300 restaurants across China.

The restaurant operator said it would use proceeds from the offering to push its global expansion into markets including the UK and Canada, repay loans and improve food safety-related technology after food hygiene scandals at two of Haidilao's Beijing restaurants last year as well as at one of its outlets in Singapore.

Chinese online food delivery-to-ticketing services firm Meituan Dianping, which is backed by China's biggest gaming and social media firm Tencent Holdings, last week gained about 5 percent on debut.