AB InBev aims to raise $5bn in Hong Kong IPO
Beer group prices 1.3-billion shares in Budweiser APAC offering at HK$27 a share
AB InBev (AB InBev) has priced the sale of 1.3-billion shares, equivalent to 12%, of its Asian business at HK$27 ($3.44) apiece and expects to raise about $5bn from the initial public offering (IPO). Known as Budweiser APAC, it is scheduled to start trading on the Hong Kong Stock Exchange on September 30.
The HK$27 offer price is at the low end of the range given by AB InBev earlier in September. It is Hong Kong’s first IPO since the antigovernment protests started four months ago. In August, China’s Alibaba Group announced it was delaying a targeted $15bn listing...