China’s top energy-drinks maker Eastroc matches offer price in Hong Kong share debut

South China Morning PostCenter-RightEN 1 min read 100% complete by Themis QiFebruary 3, 2026 at 02:37 AM

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Eastroc Beverage, a major Chinese energy-drink company, debuted on the Hong Kong stock exchange on Tuesday, with shares opening at HK$248, matching the offer price. The IPO, the largest in Hong Kong this year, raised HK$10.14 billion (US$1.3 billion) through the issuance of 40.89 million shares. Investor caution, potentially due to regulatory scrutiny of listing applications, resulted in the stock neither rising nor falling on its first day. The IPO attracted significant interest, with retail investors oversubscribing by 43 times and 16 cornerstone investors, including Qatar Investment Authority, Temasek Holdings, BlackRock, Tencent Holdings, and Richard Li's investment vehicle, subscribing to approximately 49% of the offer.

Key Entities & Roles

Key Player Opposition Context

Red Bull 50% BlackRock 60% Richard Li Tzar-kai 60% Shenzhen 60% Qatar Investment Authority 60% Temasek Holdings 60% China 70% Tencent Holdings 70% Hong Kong ×380% Eastroc Beverage 90%

Keywords

eastroc beverage 100% ipo 90% energy drinks 80% share debut 70% hong kong 70% offer price 60% cornerstone investors 50% investor caution 50% margin financing 40%

Sentiment Analysis

Neutral

Score: 0.10

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South China Morning Post

Political Lean

Center-Right (0.50)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

Hong Kong

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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eastroc beverage ipo energy drinks share debut hong kong offer price cornerstone investors investor caution margin financing

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