, Columnist
Budweiser Owes Singapore's Wealth Fund a Drink
And the next round is on the Hong Kong stock exchange, after GIC’s stalwart role in this second-time-lucky IPO.
There’s a pipeline of IPOs coming.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
The world’s biggest brewer should raise a glass to Singapore.
Anheuser-Busch InBev NV can probably thank the city-state’s sovereign wealth fund for saving its Asian unit’s Hong Kong initial public offering from an ignominious second failure. GIC Pte committed to invest $1 billion in Budweiser Brewing Company APAC Ltd., which raised about $5 billion after pricing its shares at the bottom of a marketed range.