Deals
AB InBev Asia Unit Guides H.K IPO Pricing Toward Low End
- Budweiser offers 1.63 billion shares at HK$40 to HK$47 apiece
- Company is on track to price the offering on July 11 in U.S.
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Budweiser Brewing Company APAC Ltd., the Asia Pacific unit of Anheuser-Busch InBev NV, is guiding potential investors that it could price its $9.8 billion Hong Kong initial public offering toward the low end of a marketed range.
The company will stop taking orders from investors in Asia and Europe at 5p.m. in each region and at noon New York time, according to a message communicated to fund managers Thursday. The firm is offering 1.63 billion shares at HK$40 to HK$47 each. The final price hasn’t been set yet and the pricing level is subject to change.