Chinese soda maker Dayao plans to raise up to $500 million in a Hong Kong IPO this year.

Chinese soda maker Dayao plans to go public in Hong Kong later this year, aiming to raise up to $500 million. Founded in the 1980s, Dayao produces a range of beverages and has seven production bases in China, with exports to Russia and Southeast Asia. This move comes as Hong Kong's IPO market is expected to have a strong year, following a significant increase in fundraising from China-listed firms in 2024.

2 months ago
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