AB InBev Asia unit raises US$5bil in world's second-largest 2019 IPO

HONG KONG: Anheuser-Busch InBev NV (AB InBev) raised about US$5 billion after pricing the Hong Kong IPO of its Asia-Pacific business at the bottom of an indicative range, two people with direct knowledge of the matter told Reuters.

The brewing giant, which in July tried to raise up to $9.8 billion through an initial public offering (IPO) of Budweiser Brewing Company APAC Ltd, priced shares at the lower end of the HK$27 to HK$30 indicative range, they said.