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AB InBev targets US$5 bil in Asian unit's Hong Kong IPO

Bloomberg
Bloomberg • 4 min read
AB InBev targets US$5 bil in Asian unit's Hong Kong IPO
(Sept 12): Anheuser-Busch InBev NV is aiming to raise about US$5 billion ($6.9 billion) in a Hong Kong listing of its Asian unit by the end of September, people familiar with the matter said, reviving a plan scrapped two months ago for what would have bee
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(Sept 12): Anheuser-Busch InBev NV is aiming to raise about US$5 billion ($6.9 billion) in a Hong Kong listing of its Asian unit by the end of September, people familiar with the matter said, reviving a plan scrapped two months ago for what would have been the world’s biggest initial public offering of 2019.

See also: Hong Kong Exchange makes surprise $50.4 bil bid for LSE

The Belgian brewer is gauging investor demand and will launch the deal as soon as next week, said the people, who asked not to be identified as the information is private. On Thursday, the company said the resumed listing application involves its minority stake in Budweiser Brewing Company APAC, without its Australian operations, which it agreed to sell to Asahi Group Holdings for US$11.3 billion shortly after shelving the IPO in July.

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