Budweiser Brewing APAC’s initial public offering in Hong Kong was the biggest IPO in Asia in September and is on course to be the second-biggest IPO in the world this year.
Back after a failed attempt in July, the deal value of this flotation is larger than the sum of the second to tenth-largest IPOs combined this month, according to data from Dealogic.
AB InBev, the parent company of Budweiser APAC, subsequently sold its Australian business to Japanese beer giant Asahi Group in July to position itself for better growth. Budweiser was then able to value itself at $50 billion after the...
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