According to the list of terms seen by Reuters, Budweiser Brewing Company APAC is selling 1.6 billion new shares at a guided price range of HK$40-47 ($5.13-6.02) per share. The company has more than 50 beer brands in the Asia-Pacific region, including Stella Artois and Corona.
Within this price range, Budweiser Asia Pacific Holdings will raise US$8.3 billion to US$9.8 billion without excess allotment options, making its IPO market capitalization up to US$63.7 billion.
The world's largest brewer has been trying to cut its debt by more than $100 billion since it acquired SABMiller in late 2016.
The company has said that the main advantage of listing in Hong Kong is to build a leading company in the Asia-Pacific region, where sales are still growing and increasingly affluent consumers are upgrading higher-end beer.
"In addition to debt repayment, the deal could also provide a'merger platform'for Budweiser InBev, where local brewers such as Thai Bev may prefer to form alliances with an industry focused on the local market," said Nikovon Stackelberg of Liberum, an investment bank.
Belgium-based InBev shares closed up 2.07% at 79.92 euros on Tuesday.
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