AB InBev moves closer to list regional unit | Progresiv

Anheuser-Busch InBev is preparing for what is likely to be the biggest global IPO of 2019, as it lists a minority stake in its Asia-Pacific operations on the Hong Kong stock exchange.

According to media reports that cited the IPO documents, the Budweiser Brewing Company APAC subsidiary will offer 1.6 billion primary shares in a price range 5.13 - 6.02 dollars, which could see it raise 8.3 billion - 9.8 billion dollars.  That could give the subsidiary a market capitalisation of up to 63.7 billion dollars.

Any proceeds are expected to go towards reducing AB InBev’s large debt levels – estimated at over 100 billion dollars.  The brewer itself has said the listing will help focus its Asia-Pacific operations.

The reports said the unit is expected to be priced on 11 July (in New York) and be listed on 19 July. (www.kamcity.com)