Chinese companies completed $43 billion of first-time share sales overseas last year, the the most since 2014.
The number of listed REITs in Asia’s fourth-largest economy is still small, with only six publicly traded property trusts out of the total of 222.
Dongzheng Automotive is entering a relatively quiet Hong Kong market for first-time share sales. Deals in the city have raised $1.4 billion this year, about half of the total volume during the same period in 2018.
Futu, which helps Chinese investors trade overseas stocks, originally sought to raise about $300 million when it filed confidentially for an IPO.
From allowing companies to hold super-voting rights to letting key shareholders buy stock in IPOs, tech companies are lobbying the Hong Kong exchange for changes or waivers that would help their businesses.
The additional capital from new investors would take the total haul from the current round to around $3 billion.
A listing could give AB InBev’s Asian business a value ranging from $40 billion to $70 billion based on early estimates.
The company could potentially raise $300 million from the IPO and is working with Credit Suisse on the deal.
Welight Capital and IMAX China unit will buy a combined $18 million of stock as cornerstone investors.
The world’s largest brewer has been looking to reduce borrowings following its purchase of SABMiller Plc for more than $100 billion in 2016.