AsianFin -- Chinese soda manufacturer Dayao is reportedly preparing for an initial public offering (IPO) in Hong Kong, potentially taking place as early as the second half of 2025. This move aligns with the city's gradual recovery in new listings, according to sources familiar with the matter.
Based in Inner Mongolia, Dayao is collaborating with financial advisers to target a fundraising goal of up to $500 million, the sources said. They requested anonymity as they are not authorized to disclose the information publicly.
The IPO plans remain under discussion, and details such as the size and timing of the offering are subject to change, the sources added.
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