The price range represents a market value of as much as US$64 billion for Budweiser Brewing, on par with that of Heineken NV, the world’s second-largest brewer. The listing will enable acquisitions by creating a “local champion” and will help AB InBev reduce its debt, Chief Financial Officer Felipe Dutra has said.
(July 12): Anheuser-Busch InBev NV kicked off the year’s biggest initial public offering, a sale of shares in its Asia Pacific beer unit that could raise as much as US$9.8 billion ($13.3 billion) and top Uber Technologies Inc’s May listing.
The Hong Kong IPO consists of 1.63 billion shares of Budweiser Brewing Company APAC Ltd. offered at HK$40 to HK$47 each, according to terms of the deal obtained by Bloomberg Tuesday. Trading is expected to start on July 19.
