HONG KONG: AB InBev raised about US$5bil in a Hong Kong IPO of the brewer’s Asia-Pacific unit after pricing it at the bottom of a marketed range, as investors backed a deal seen as offering value despite the city being hit by anti-government protests.
The IPO of the unit of Anheuser-Busch InBev NV (AB InBev), the world’s largest brewer, is the second-biggest globally so far this year, trailing only the US$8.1bil flotation of Uber Technologies Inc in May, data from Refinitiv showed.
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