China Resources Beverage set to launch up to $1b Hong Kong IPO next month

China Resources Beverage set to launch up to $1b Hong Kong IPO next month

FILE PHOTO: The logo of Hong Kong Exchanges & Clearing Ltd. (HKEX) is seen at the financial Central district in Hong Kong, China September 14, 2020. REUTERS/Tyrone Siu/File Photo

Drinks maker China Resources Beverage is aiming to launch its Hong Kong initial public offering to raise up to $1 billion in October, according to two sources with direct knowledge of the matter, in a deal that could be the largest new share offering in the city this year.