Deals
AB InBev Asia Unit Tops Uber With $9.8 Billion Hong Kong IPO
- Budweiser Asia could reach market cap of up to $64 billion
- At top end of range, value would rival that of Heineken
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Anheuser-Busch InBev NV kicked off the year’s biggest initial public offering, a sale of shares in its Asia Pacific beer unit that could raise as much as $9.8 billion and top Uber Technologies Inc.’s May listing.
The Hong Kong IPO consists of 1.63 billion shares of Budweiser Brewing Company APAC Ltd. offered at HK$40 to HK$47 each, according to terms of the deal obtained by Bloomberg Tuesday. Trading is expected to start on July 19.