Anheuser Busch Companies (BUD): AB InBev Asia unit IPO raises $5B, at lo...

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Monday, 09/23/2019 11:38:38 PM

Monday, September 23, 2019 11:38:38 PM

AB InBev Asia unit IPO raises $5B, at low end of expectations

Sep. 23, 2019 11:22 PM ET|About: Anheuser-Busch InBev SA/NV (BUD)|By: Carl Surran, SA News Editor

https://seekingalpha.com/news/3501347-ab-inbev-asia-unit-ipo-raises-5b-low-end-expectations?app=1#email_link

They really wanted to do this, but it seems like a spit in the bucket.

Anheuser-Busch InBev (NYSE:BUD) raised ~$5B in its second attempt at a Hong Kong IPO of its Asian business, its 27 Hong Kong dollars per share (US$3.45) price coming in at the low end of an indicative range, according to multiple reports.

Even so, the IPO will be the second biggest global offering this year, trailing only Uber's $8.1B flotation, and will give Budweiser Brewing APAC a market cap of more than $45B, instantly making it one of the world's largest listed brewers.

The proceeds will help AB InBev cut its $100B-plus debt accumulated following the purchase of rival SABMiller in 2016.