Budweiser brewer prices Hong Kong IPO at $5bn, low end of range

Brewer's second attempt is half of shelved July plan but Asia's largest in 2019

This is AB InBev's second IPO attempt in Hong Kong, after shelving a transaction in July through which it had hoped to raise as much as $9.8 billion. © Reuters

NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent

September 24, 2019 13:29 JST

HONG KONG -- AB InBev has priced the initial public offering of its Asian unit at the bottom end of the marketed range, putting it on course to raise about $5 billion.

Shares in Asia's largest IPO so far this year by Budweiser Brewing Company APAC were priced at HK$27 each and the company has partially exercised an option to increase the size of the deal "to cover market demand," it said in a statement.