Resounding IPO: Budweiser CEO Jan Craps (left) and executive director, general counsel and joint company secretary Frank Wang striking a gong during the company’s listing ceremony at the Hong Kong Stock Exchange recently. The Asia-Pacific beer unit of Anheuser-Busch InBev NV gained as much as 4.8% in its trading debut, a positive for the lacklustre global market in initial public offerings and vindication for the beermaker in its second attempt at an Asian listing. — Bloomberg
HONG KONG: Hong Kong’s IPO market is making a huge comeback.
Defying the intensifying protests that have hurt the city’s economy from trade to tourism, Hong Kong has led the world in initial public offerings since the start of September.
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