Deals
AB InBev Targets $5 Billion in Asian Unit’s Hong Kong IPO
- Company shelved earlier IPO in July due to market conditions
- New listing excludes Australian unit that was sold to Asahi
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Anheuser-Busch InBev NV is aiming to raise about $5 billion in a Hong Kong listing of its Asian unit by the end of September, people familiar with the matter said, reviving a plan scrapped two months ago for what would have been the world’s biggest initial public offering of 2019.
The Belgian brewer is gauging investor demand and will launch the deal as soon as next week, said the people, who asked not to be identified as the information is private. On Thursday, the company said the resumed listing application involves its minority stake in Budweiser Brewing Company APAC Ltd., without its Australian operations, which it agreed to sell to Asahi Group Holdings Ltd. for $11.3 billion shortly after shelving the IPO in July.