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flag China Resources Beverage, a state-owned firm, plans a $700M IPO in Hong Kong, the largest in 2024.

flag China Resources Beverage, a subsidiary of state-owned China Resources Holdings, is set to launch an initial public offering in Hong Kong next week, aiming to raise up to $700 million. flag This would be the largest IPO in the city for 2024, surpassing a $330 million offering by Sichuan Baicha Baidao Industrial. flag Bidding for the shares will begin on Tuesday, with Bank of America, BOC International, Citic Securities, and UBS as sponsors.

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