Revived Budweiser IPO set to refresh Hong Kong exchange

Beer giant Anheuser-Busch InBev is understood to be reviving the Hong Kong IPO of its Asian unit and is set to raise as much as HK$37.9 billion (€4.4bn), roughly half of an earlier target.

About 1.26 billion of Budweiser Brewing Company APAC shares will be marketed at HK$27-HK$30 each, according to sources. The brewer shelved a share sale in July in which it sought to raise as much as $9.8bn, and agreed to sell its Australian business to Asahi Group for $11.3bn a week later.