The Budweiser APAC share rose more than 5% on their first day of trading in what was the second-largest public offering of the year after Uber's $ 8.1 billion listing in May.
The brewer of Budweiser, Beck and Stella Artois opened for $ 27.4 Hong Kong ($ 3.50) a share, about 1.5% above its IPO price of 27 Hong Kong dollars ($ 3.44) a share before moving on to morning trading.
Budweiser APAC did better and exploited the investor desire of established companies that make money. The brewer booked $ 959 million in net income in Asia last year.
Relief of the Australian business, which was mature and experiencing slower growth, meant that the company was able to sell to investors in faster-growing markets in the Asia-Pacific region, such as China. AB InBev's sales in the country increased by 8.3% last year, with brands such as Budweiser and Corona performing particularly well.
AB InBev became the world's largest brewer by to borrow money to finance a number of acquisitions. Its most recent mega-acquisition, by SABMiller, increased the company's debt to $ 102.5 billion in 2018. It has already taken some steps to smooth the balance, including cutting its dividend to half last year.