Eastroc Beverage Hong Kong IPO Preview

• Eastroc Beverage Group (9980 HK) is getting ready to complete its IPO in Hong Kong next week. The company is selling 40.9 million shares for HK$248 each

• The company plans to raise up to HK$10.1 billion (US$1.3 billion). This would suggest a market cap of about US$21 billion.

• Eastroc Beverage is one of the largest functional beverage companies in China and the dominant domestic energy drink producer, with its Eastroc Special Drink product having displaced Red Bull product.