AB InBev Asia unit delays pricing of world’s largest 2019 IPO – sources


HONG KONG, July 12 (Reuters) – Budweiser Brewing Company APAC, the Asia-Pacific business of Anheuser-Busch InBev (AB InBev), will not price its initial public offering of up to $9.8 billion by Friday as planned, said two people with knowledge of the matter.

Budweiser APAC, whose portfolio of more than 50 beer brands includes Stella Artois and Corona, guided potential investors toward the bottom of a marketed pricing range for its Hong Kong float, which would be the world’s biggest IPO this year, Reuters reported on Thursday.

A spokesman for Budweiser APAC declined to comment. (Reporting by Julie Zhu; Editing by Himani Sarkar)

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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