Shares in Anheuser-Busch InBev’s Asia business flew on their market debut in Hong Kong on Monday.

Budweiser APAC stock rose over 5% on their first day of trading what was the second greatest open offering this year after Uber’s $8.1 billion IPO in May.

The brewer of Budweiser, Beck’s and Stella Artois opened at 27.4 Hong Kong dollars ($3.50) an offer, about 1.5% over its IPO cost of 27 Hong Kong dollars ($3.44) an offer, before rising further in early daytime trading.

The IPO raised about $5 billion, which AB InBev (BUD) will utilize completely to square away obligation.

The lager producer’s open presentation comes when other exceptionally foreseen IPOs have slumped. Offers in lossmaking companies like (UBER), Peloton (PTON) and SmileDirectClub (SDC) all dove on their first day of exchanging. Uber fell 7%, Peloton shed 11% and SmileDirectClub, an immediate dealer of straightforward supports, finished its first day on Wall Street down 27.5% from its IPO cost.

Budweiser APAC fared better, taking advantage of speculator craving for built up companies that profit. The brewer booked $959 million in net benefit in Asia a year ago.

Budweiser APAC’s IPO is a major success for the Hong Kong Stock Exchange (HKXCY). The bourse has been battered by long periods of political emergency in the city, the progressing US-China exchange war and easing back utilization China. Its operator additionally had a unsolicited bid for the London Stock Exchange (LDNXF) immovably dismissed. The Hang Seng Index has fallen almost 9% in the course of the most recent three months.

The listing excludes Budweiser APAC’s Australia activities, which the group is offering to Japanese opponent Asahi for $11.3 billion.

Offloading the Australian business, which was experienced and seeing more slow development, implied the company had the option to sell speculators on more quickly developing markets in the Asia Pacific locale, for example, China. AB InBev’s sales in the nation developed 8.3% a year ago, with brands like Budweiser and Corona performing particularly well.

AB InBev turned into the world’s biggest brewer by getting cash to finance a progression of acquisitions. Its latest super buy, of SABMiller, expanded the company’s obligation to $102.5 billion of every 2018. It has just made a few moves to consistent its balance sheet, incorporating slicing its profit down the middle a year ago.

AB InBev had initially wanted to raise $9.8 billion from the Hong Kong posting, which would have made it the greatest IPO so far this year. In any case, it rejected that plan in July, citing market situations, before reviving the deal prior this month.