- If confirmed, this IPO would raise an amount between $8.3 billion and $9.8 billion
- The biggest initial public offering of the year so far is from Uber, that raised $8.1 billion in NYSE in May
With a wide portfolio that accounts for more than 50 brands such as Corona and Stella Artois, Anheuser-Busch InBev aims to raise as much as $ 9.8 billion by listing its Asia Pacific business in Hong Kong. This would set up the world’s largest IPO of the year.
The holding company plans to offer 1.63 billion shares from its Budweiser Brewing Company APAC (Asia-Pacific) for a range from $5.13 to $6.02 each, according to a Reuters analysis of a document placing the IPO terms.
“The number one reason to do the listing is to have a platform in the region that is seen as closer to those markets and connected to what the region will do, since that’s something that can be attractive to local groups“, AB InBev CEO Carlos Brito said to Financial Times.
Budweiser Asia’s shares are expected to price in New York on July 11 and begin trading in Hong Kong on July 19, as displayed by the IPO document.
According to information from the Financial Times, China follows a path of becoming Budweiser APAC’s main source of growth in the next years, since the Chinese middle class is getting bigger, and this particular audience has a great adoption of foreign brands, which are marketed as premium products.