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Hong Kong’s IPO Pipeline Is About to Get Busier

Budweiser Brewing Company APAC Ltd. is returning to the market just two months after shelving its previous attempt to raise as much as $9.8 billion in a Hong Kong IPO.

Budweiser Brewing Company APAC Ltd. is returning to the market just two months after shelving its previous attempt to raise as much as $9.8 billion in a Hong Kong IPO.

Photographer: Kyle Lam/Bloomberg

Anheuser-Busch InBev NV kicked off the Hong Kong initial public offering of its Asian unit, valued at as much as $4.8 billion, on Wednesday in a sign the pipeline is coming to life after a quieter-than-usual summer.

Budweiser Brewing Company APAC Ltd. is returning to the market just two months after shelving its previous attempt to raise as much as $9.8 billion in a Hong Kong IPO. The sale will test investor sentiment after a drought of listings in the financial center that has been rocked by anti-government protests. No listing of over $100 million has been completed since early July, data compiled by Bloomberg show.