A brewery AB InBev has held in Hong Kong an IPO for its Asian business Budweiser and managed to raise about $ 5 billion. There were plans to hold the event in summer. However, due to the difficult political situation, the IPO has only been taken place recently. “Unsatisfactory market conditions” and insufficient hype from large investors became the official reasons for the postponement.
As part of the public offering, it was possible to sell more than 1.250 billion securities at a cost of $ 3.45 per unit. This is a lower boundary of the range. As a result of the IPO, Budweiser was valued at approximately $ 45 billion. The mastodons of the financial markets J.P. Morgan and Morgan Stanley were the event organizers.
Trading the company stocks starts on the 30th of this month.
The initial public offering of Budweiser securities has become the largest for the exchange in Hong Kong and the second all over the world (if you compare those held this year).
AB InBev owns over a hundred brands of beer produced in dozens of countries. At the same time, the total debt of the company is $ 100 billion. The need to attract “live” money for reducing the debt burden was the reason for conducting the IPO in Hong Kong. On September 12, it was announced that the company was ready again to begin preparations for the IPO.
Budweiser is a major beer producer in China, South Korea and Australia. The company brews and sells about 50 brands of beer, including the famous Budweiser, Stella Artois and Corona.
The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group