Chinese beverage IPO turns water into beer

Chinese beverage IPO turns water into beer, writes JennHughes13:

Chinese water bottler Nongfu Spring has raised $1.1 billion in its Hong Kong initial public offering and will debut on Sept. 8. The share sale is one of the city’s biggest in 2020 and valued the company, which also makes teas and juices, at about $31 billion.

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