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Home / Business / AB InBev awards Budweiser offering 27 HK $, the second largest IPO in 2019

AB InBev awards Budweiser offering 27 HK $, the second largest IPO in 2019



Budweiser beer bottle labels during an Anheuser-Busch InBev NV news conference in Hong Kong, China, Tuesday, September 17, 2019.

Kyle Lam | Bloomberg | Getty Images

Anheuser-Busch InBev has priced Budweiser its first public offer at HK $ 27 per share. . That's the bottom of the reach in the second attempt to list its Asian business in Hong Kong.

The brewer said last week that it would offer 1

.3 billion shares for between HK $ 27 and HK $ 30 ($ 3.45- $ 3.83) per piece. [19659002Inadditiontothelowendofthepriceclassthelistingwasthenextlargestglobalsuccessor81milliondollarsandUberTechnologyamolletinnimaiviserdatafraRefinitive

In July, the brewing giant tried to raise nearly $ 9 billion – up to $ 8 billion. However, it said it would not continue, given "several factors, including prevailing market conditions."

If completed, Budweiser APAC's stock exchange listing would boost Hong Kong after China's Alibaba delayed a listing of up to $ 15 billion last month amid the ongoing unrest in the former British colony.

AB InBev, the world's largest brewer, has worked to reduce a debt ceiling of over $ 100 billion that it built up with the acquisition of its nearest rival SABMiller in late 2016.

Budweiser plans to make its market debut on September 30.

– Reuters contributed to this report.


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