Rumored to be planning a $500mn IPO in Hong Kong in the second half of the year? Greatjoy Beverages: Not considering at the moment

It has been reported that Greatjoy Beverage, a beverage company in Inner Mongolia, is considering a $500 million IPO in Hong Kong, possibly aiming for a Hong Kong listing in the second half of 2025. In response to media reports, Greatjoy Beverage stated that the company focuses on its operations and development and has not considered an IPO, and all information should be based on official announcements.

According to its official website, Greatjoy Beverage has created classic products such as "Greatjoy Guest" and "Greatjoy Orange" since its establishment, opening up the Chinese large soda category and continuously perfecting its product matrix, launching carbonated drinks, fruit and vegetable juice drinks, protein drinks, energy-flavored drinks, tea drinks, and water drinks in six categories. The company has invested in the construction of seven production bases in Inner Mongolia, Ningxia, Liaoning, Jilin, Anhui, Shaanxi, and Shandong.

In addition, Greatjoy Beverage has gradually entered the overseas market and has exported its products to Mongolia, Russia, Southeast Asia, Europe, South Korea, and Japan.