Budweiser's APAC Arm Seeks Biggest Hong Kong IPO This Year With USD8.3 Billion Goal
Liao Shumin
DATE:  Jul 05 2019
/ SOURCE:  yicai
Budweiser's APAC Arm Seeks Biggest Hong Kong IPO This Year With USD8.3 Billion Goal Budweiser's APAC Arm Seeks Biggest Hong Kong IPO This Year With USD8.3 Billion Goal

(Yicai Global) July 5 -- Budweiser Brewing Company APAC, the Asia business of Belgian brewing giant Anheuser-Busch InBev NV, aims to raise at least HKG65 billion (USD8.3 billion) in its initial public offering, which would be the largest IPO so far this year in Hong Kong.

Budweiser Brewing, which owns the brands of Corona, Stella Artois, and Harbin, will issue 1.627 billion shares, priced from HKD40 to HKD47 (USD5.10 to USD6), the Hong Kong-based firm's prospectus that was filed today shows. Some 81.3 million shares will be offered in Hong Kong and 1.5 billion globally. 

The beer firm's aim is even higher than that of California's Uber Technologies [NYSE: UBER] which raised USD8.1 billion in May. 

Editor: Emmi Laine 

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Keywords:   Budweiser,IPO,Hong Kong Stock Exchange