Shares of the world’s largest brewer’s Asian operations climbed in their trading debut on Hong Kong’s stock exchange
Sept. 30, 2019 3:39 am ET
Monday, joining the ranks of other richly valued regional beer companies. Budweiser Brewing Co. APAC Ltd.’s shares opened slightly above their initial public offering price after the unit of Anheuser-Busch InBev SA raised $5 billion from the share sale. By midday, they had risen to 28.80 Hong Kong dollars , about 6.7% higher than their IPO price of HK$27 a share, giving the business a market capitalization...As global beer sales have stalled, major brewers such as AB InBev and Carlsberg are flocking to China.
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