China Resources Beverage shares surge 13.5% on Hong Kong IPO debut

China Resources Beverage shares surge 13.5% on Hong Kong IPO debut

FILE PHOTO: A customer packs her purchase next to bottles of C'estbon purified drinking water, a brand under China Resources Beverage, at a supermarket in Beijing, China October 17, 2024. REUTERS/Florence Lo/File Photo

Shares of drinks maker China Resources Beverage leapt 13.5% on its Hong Kong trading debut on Wednesday after raising $540 million in an initial public offering (IPO).