Budweiser Brewing Company APAC, the largest retailer in Asia, plans to offer 1.63 billion shares for 40-47 Hong Kong dollars ($ 5.13- $ 6.02) with CNN Business.
AB InBev became the world's largest brewer, lending money to finance a series of acquisitions. SABMiller's recent mega-purchase increased the company's debt in 201
The IPO could also help the company in China, the world's largest market for beer. AB InBev achieved sales growth of 8.3% last year with the super premium brands performing particularly well.
Institutional investors could submit orders from Tuesday, according to the IPO document. The IPO will open for private investors on July 8 and the stock will be listed on the Hong Kong Stock Exchange on July 19th.
Budweiser APAC plans to sell 95% of its shares to international institutional investors. Only 5% will be reserved for private investors, unless the subscribers release additional shares.
AB InBev declined to comment.