September 24, 2019 / 1:06 AM / a month ago

AB InBev Asia unit raises $5 bln after pricing at bottom end of range-sources

HONG KONG, Sept 24 (Reuters) - Anheuser-Busch InBev (AB InBev) raised about $5 billion after pricing the Hong Kong IPO of its Asia-Pacific business at the bottom of an indicative range, two sources with direct knowledge of the matter told Reuters.

The brewing giant, which in July tried to raise up to $9.8 billion through an initial public offering (IPO) of Budweiser Brewing Company APAC Ltd, priced shares at the lower end of the HK$27 and HK$30 per share indicative range, they said.

Budweiser APAC declined to comment. (Reporting by Julie Zhu; Writing by Sumeet Chatterjee; Editing by Kim Coghill)

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