IPO Watch
Eastroc Beverage (Group) Co., Ltd. (9980 HK)
| Basic Information | |
| Market | Main board |
| Industry | Beverage |
| Board Lots | 100 |
| Listing Type | Secondary listing |
| Global Offering | |
| Offer Price | HK$248 |
| Initial Market Cap | HK$166,393mn |
| Total Number of Offer Shares | 40,889,900 |
| Number of International Offer Shares | 36,800,900 |
| Number of HK Offer Share | 4,089,000 |
| Sponsors | Huatai International, Morgan Stanley, UBS |
| Company Background | |
| The company is the largest functional beverage company in China, with the fastest revenue growth among the world’s top 20 listed soft beverage companies. According to Frost & Sullivan, it has been the largest functional beverage company in China in terms of sales volume for four consecutive years since 2021, with its market share increasing from 15.0% in 2021 to 26.3% in 2024. The company was the second-largest functional beverage company in terms of retail sales in 2024, with a market share of 23.0%. Eastroc Beverage’s A-shares (Shanghai: 605499) closed at RMB 253.36 last Friday (23rd), while the latest offering price for Eastroc Beverage’s H-shares represents a 12.5% discount compared to the A-shares. | |
| Financials | |
 | |
| Subscription Table | |
 | |
| Time Table | |
| IPO deadline: 29-Jan-2026 Results allotment date: 2-Feb-2026 Check refund date: 2-Feb-2026 Listing date: 3-Feb-2026 | |
