Anheuser-Busch InBev SA priced the Hong Kong IPO of its Asian arm Budweiser Brewing Company APAC Ltd. at HK$27 per share, CNBC reported Sept. 24, citing a source familiar with the matter.
In a separate report, Reuters, citing two people with direct knowledge of the deal, said the Belgian brewer raised about $5 billion after pricing the offering at the bottom of the indicative range.
AB InBev on Sept. 18 said it would offer 1,262,350,000 shares, or 9.53% of its outstanding stock, at a price range of HK$27 to HK$30 per share.
The offering also includes an offer size adjustment option that allows the company to issue a further 464,952,000 shares, or about 36.8% of the basic offering, plus a separate over-allotment option of up to 15% of the total offering.
The listing would be Budweiser Brewing's second attempt at a Hong Kong IPO. AB InBev initially tried to raise up to $9.8 billion through an IPO of its Asia-Pacific unit in July but later shelved the deal due to market conditions.
Budweiser Brewing declined to comment. It expects to disclose the official pricing no later than Sept. 25.
