Youyou says next step is an offering

Family members set to rake in millions when pickled chicken feet seller floats 79.5m shares

Chongqing-based Youyou Food Co, one of the country's largest distributors of pickled chicken feet, is planning an initial public offering which could make billionaires of its family owners.

The firm's IPO prospectus said 79.5 million shares will be offered, including those currently owned by Lu Youzhong and his relatives, who own 90 percent of the business or around 200 million shares.