September 30, 2019 / 1:35 AM / a month ago

AB InBev Asia unit set to open up 1.5% in Hong Kong debut

HONG KONG, Sept 30 (Reuters) - Shares in AB InBev’s Asia-Pacific unit Budweiser Brewing Company APAC Ltd 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)

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