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…
