FILE PHOTO: Budweiser beer bottles are seen in a cooler at a liquor shop in Kolkata, India, September 13, 2019. REUTERS/Rupak De Chowdhuri/File Photo
September 30, 2019
HONG KONG (Reuters) – Shares in AB InBev’s <ABI.BR> Asia-Pacific unit Budweiser Brewing Company APAC Ltd <1876.HK> were set to open up 1.5% on their market debut in Hong Kong on Monday.
Anheuser-Busch InBev NV (AB InBev), the world’s largest brewer, last week raised about $5 billion in the world’s second-biggest IPO this year, after pricing the Hong Kong float at the bottom of a marketed range.
Shares of Budweiser APAC, whose portfolio of more than 50 beer brands includes Stella Artois and Corona, were set to open up at HK$27.40, compared to its IPO price of HK$27 per share.
(Reporting by Julie Zhu and Alun John; Writing by Sumeet Chatterjee; Editing by Himani Sarkar)
