Anheuser-Busch Pulls Off This Year's Second-Biggest IPO
Anheuser-Busch InBev (NYSE: BUD) took a second bite at the IPO apple, successfully spinning out its Asian brewing business after an earlier try failed. This time, however, the price was set at about half the original attempt, and the offering was completed at the low end of the range of its expected value.
The megabrewer raised about $5 billion in the offering of Budweiser Brewing Company APAC by launching it at 27 Hong Kong dollars ($3.44) per share, at the bottom of the range of HK$27 to HK$30 that it expected. That figure was apparently acceptable to institutional investors, who balked when Anheuser-Busch previously listed the company at a range of HK$40 to HK$47.
Image source: Budweiser APAC.
Source Fool.com
