AB InBev Asia unit raises $5 billion after pricing at bottom end of range: sources

HONG KONG (Reuters) - Anheuser-Busch InBev (AB InBev) raised about $5 billion after pricing the Hong Kong IPO of its Asia-Pacific business at the bottom of an indicative range, two sources with direct knowledge of the matter told Reuters.

Reuters September 24, 2019 07:06:31 IST
AB InBev Asia unit raises $5 billion after pricing at bottom end of range: sources

AB InBev Asia unit raises 5 billion after pricing at bottom end of range sources

HONG KONG (Reuters) - Anheuser-Busch InBev (AB InBev) raised about $5 billion after pricing the Hong Kong IPO of its Asia-Pacific business at the bottom of an indicative range, two sources with direct knowledge of the matter told Reuters.

The brewing giant, which in July tried to raise up to $9.8 billion through an initial public offering (IPO) of Budweiser Brewing Company APAC Ltd, priced shares at the lower end of the HK$27 and HK$30 per share indicative range, they said.

Budweiser APAC <1876.HK> declined to comment.

(Reporting by Julie Zhu; Writing by Sumeet Chatterjee; Editing by Kim Coghill)

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