HONG KONG: Anheuser-Busch InBev is planning to raise about US$5 billion from a revived float of its Asian operations after the world's largest beer maker shelved a Hong Kong IPO in July, people with knowledge of the matter said.
"The market conditions in recent days have improved and provided a good window, in which we should seize the opportunity to go ahead," said one of the sources. AB InBev said in a statement on Thursday that it was continuing to explore an IPO in Hong Kong of Budweiser APAC, two months after shelving the planned listing of up to US$9.8 billion in what would have been the largest IPO of 2019.
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