Anheuser Busch Companies (BUD)

[FUNMAN]

AB InBev Asia unit raises $5 billion in world's second-largest 2019 IPO
Julie Zhu
4 MIN READ

HONG KONG (Reuters) - AB InBev raised about $5 billion in a Hong Kong IPO of the brewer’s Asia-Pacific unit after pricing it at the bottom of a marketed range, as investors backed a deal seen as offering value despite the city being hit by anti-government protests.


The IPO of the unit of Anheuser-Busch InBev NV (AB InBev), the world’s largest brewer, is the second-biggest globally so far this year, trailing only the $8.1 billion flotation of Uber Technologies Inc in May, data from Refinitiv showed.

AB InBev had cancelled a plan for a bigger initial public offering (IPO) of the unit in July that could have raised as much as $9.8 billion, citing “several factors, including the prevailing market conditions”.

Separately, Topsports International Holdings, the sportswear business of Chinese footwear retailer Belle International, launched on Tuesday a Hong Kong IPO of up to $1.2 billion, as per a marketing term sheet seen by Reuters.