China’s energy-drinks giant Eastroc Beverage neither rose nor fell in its debut in Hong Kong on Tuesday amid investor caution following regulatory scrutiny of poor-quality listing applications.
Shares of the Shenzhen-based company, which makes an alternative to Red Bull, opened at HK$248, matching the offer price.
Eastroc raised HK$10.14 billion (US$1.3 billion) by issuing 40.89 million shares, the largest initial public offering (IPO) in the city so far this year.
In grey market trading ahead…
China’s top energy-drinks maker Eastroc matches offer price in Hong Kong share debut
