) will brave jittery Hong Kong markets in a second attempt to spin off its Asian business on Wednesday, aiming to raise up to $6.6 billion in what could be the world’s second largest IPO this year.
Markets more generally are also on edge amid a trade dispute between the United States and China and slowing global growth, with the owner of U.S. office-sharing startup WeWork postponing its U.S. IPO on Monday. The new Budweiser APAC offering includes a rare “upsize” option that will enable the company to sell up to 36.8% more shares. Assuming it exercises the option in full at the top end of the price range, the sale could raise up to $6.6 billion before any regular overallotment option is included.
So far this year, companies have raised $10.8 billion in IPOs in Hong Kong - well short of the $41 billion raised in New York, according to Refinitiv data.
nobodys needs artificial beer
A far more sensible stock to purchase than WeWork...
Dear Asia...prepare for the crappiest, most watered down, tasteless selection of beers you've ever consumed...enjoy!
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