Budweiser yet to price Hong Kong IPO

Budweiser PA 230x150
By Gina Lee
12 Jul 2019

Budweiser Brewing Apac has delayed pricing its jumbo float on the Hong Kong Stock Exchange, according to a source at the company.

The bank syndicate, led by sponsors JP Morgan and Morgan Stanley, were targeting pricing the 1.63bn primary share offering by Friday morning Hong Kong time. But as of 5pm in Hong Kong, the IPO was yet to be priced, said the source.

The price range was HK$40 ...

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