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Budweiser IPO: AB InBev prepares its Asian business for the largest listing of the year



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.

That would bring in between $ 8.3 and $ 9.8 billion for the brewer of Bud Light, Beck & Stella Artois. The largest IPO to date of Uber ( UBER ) in May in New York brought in $ 8.1 billion.
"The main reason for inclusion in the list is a platform in the region that is considered closer to these markets and linked to what the region will do, as this may be attractive to local groups," said he told the Financial Times.

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

8 to $ 102.5 billion.

  The Fat Jewish Babe Wine was bought by the owner of Budweiser.

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.

JPMorgan ( JPM ) and Morgan Stanley (] MS ) are joint sponsors of the deal during [19459005BankofAmericaMerrillLynch BAC ) and Deutsche Bank ( DB ) act as joint global coordinators.

AB InBev declined to comment.


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