Budweiser parent raises $5B in Hong Kong IPO
The second time was the charm for Anheuser-Busch InBev as it successfully raised about $5 billion in a Hong Kong IPO.
The company priced shares at $3.45 each, people familiar with the matter told Dow Jones.
That was at the low end of the expected price range.
The deal gives the Hong Kong unit a value of more than $45 billion.
It was the second attempt at an IPO as Budweiser APAC called off an earlier attempt in July.
That try was bigger looking to raise nearly $10 billion.
But due to lukewarm investor response, it was pulled.
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Since then the company sold off its Australian unit and returned as a more nimble company.
The IPO is Hong Kong's largest IPO of the year and is second to Uber's $8 billion offering in New York.