She noted logistics firm ESR Cayman's up to $1.45 billion IPO, which was pulled in June, but relaunched on Monday and set to begin trading Nov. 1. That could be Hong Kong's second-largest listing this year, after the Budweiser IPO. Chinese sportswear retailer Topsports International also launched its IPO in October, raising $1.01 billion as it began trading on the Hong Kong stock exchange. That contributed to an uptick in Hong Kong IPOs for the month, during which 11 deals raised $1.4 billion, as compared with just six new listings in September, said Tan.