Budweiser to price Hong Kong IPO

budweiser

Budweiser Brewing Company APAC, the Asia Pacific business unit of Anheuser-Busch InBev, AB InBev is said to disclose the pricing for its listing on the Hong Kong Exchange later today.

The company looks to raise $9.8 billion in the HK listing that will make it the second global giant after Alibaba’s plan to raise $20 billion in a similar listing on the Hong Kong Exchange.

It would be recalled that Budweiser announced its plans to go on an Asian initial public offering, IPO.

The company said that AB InBev would be listing its Asian unit, in a bid to increase its leadership in the region’s consumer goods market.

J.P. Morgan Securities (Far East) Limited and Morgan Stanley Asia Limited are advising the beer giant on the potential IPO.

AB InBev is operating in Nigeria as International Breweries SAB Miller as a private company.

Its Nigerian operation which is a listed company has been in a loss-making position after Nigeria’s third-largest brewer ramped up capital expenditure to build bigger factories as well as its marketing investment to face up with Heineken N.V’s Nigerian Breweries and Diageo’s local unit Guinness Nigeria Plc.