China Resources Beverage to launch up to $700m IPO next week: report

China Resources Beverage to launch up to $700m IPO next week: report

FILE PHOTO: People walk past screens displaying the Hang Seng stock index and stock prices outside the Exchange Square in Hong Kong, China January 23, 2024. REUTERS/Joyce Zhou/File Photo

Drinks maker China Resources Beverage is set to launch its Hong Kong initial public offering (IPO) next week, aiming to raise up to $700 million, said two people with direct knowledge of the matter, in the city’s largest new share sale this year.