Investing.com – Anheuser-Busch InBev will announce pricing for the Hong Kong IPO of its Asian business, Budweiser Brewing Company APAC, later on Monday.
It is the firm’s second attempt at spinning off its Asia Pacific unit after it said back in July that it would not proceed with the listing.
If completed, the company would raise up to $6.6 billion from the IPO, making it the world’s second largest IPO so far in 2019, according to Reuters.
The brewing giant said last Tuesday that it would offer 1.3 billion shares at between HK$27 and HK$30 ($3.45 and $3.83) apiece.
The news came as Hong Kong’s financial markets are on a downward trend amid ongoing political unrest that saw the city’s airport services being disrupted, hundreds of tear gases being fired by polices and more than one thousand of protestors being arrested.
“You could say that the conditions are more challenging, but when we listen to potential investors we believe that there is solid excitement about this business and its IPO,” said Jan Craps, CEO of Budweiser APAC.
Anheuser-Busch to Announce Pricing for Budweiser’s Hong Kong IPO Today
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