The relaunch of Anheuser-Busch InBev’s failed Asia listing is a more sober affair this time around, says AlecMac11
Anheuser-Busch InBev on Sept. 18 relaunched a Hong Kong initial public offering of its Asia-Pacific business, after shelving the original deal in July due to poor demand.
The world's largest brewer plans to sell 1.3 billion shares in its Budweiser Brewing Company APAC unit and has set an indicative price range of HK$27 to HK$30 per share for the deal.The deal also includes a rare size adjustment option, which would allow it to sell an additional 465 million shares at the offer price to cover any additional market demand.
Singapore state investment fund GIC has subscribed to invest $1 billion in the IPO as a cornerstone investor.
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