BRIEF: Red Bull challenger Eastroc falls flat after raising $1.3 billion in IPO
Shares of energy drink maker Eastroc Beverage (Group) Co. Ltd. (9980.HK; 605499.SH) opened flat at HK$248 on Tuesday in their Hong Kong trading debut, and traded in a narrow range before…
BRIEF: Chinese ‘Red Bull rival’ Eastroc targets $1.3 billion in Hong Kong IPO
Energy drink manufacturer Eastroc Beverage (Group) Co. Ltd. (9980.HK, 605499.SH) launched its IPO on Monday, aiming to sell 40.89 million shares for HK$248 apiece to raise HK$10.1 billion （$1.3 billion）.…
Chinese Coca Cola rising? A diversifying Eastroc makes second Hong Kong IPO bid
The Shenzhen-based company is rapidly developing beyond its original energy drink focus, as it continued to post strong growth in the first half of this year Key Takeaways: Eastroc has…
A Bagel success story, and a Red Bull slayer
Tim Hortons is tasting some new success in China with a bagel formula. Will this mark the start of a turnaround for the struggling chain? And a Red Bull killer named Eastroc has filed to list in Hong Kong. What’s the secret to its success, and will it attract investors to its story?
Red Bull slayer Eastroc chases Hong Kong IPO to boost global charge
After finding a strong audience for its stock among domestic investors, the functional beverage maker aims to offer its stock to global buyers as well Key Takeaways: Eastroc has filed…
