AB InBev Asia delays pricing world's largest IPO this year: sources [Reuters]
SWISS RE LTD S/ADR (SSREY)
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Source: Reuters
AB InBev Asia delays pricing world's largest IPO this year: sources - Reuters 5 Min Read HONG KONG (Reuters) - Budweiser Brewing Company APAC ( 1876.HK ), the Asia-Pacific business of Anheuser-Busch InBev (AB InBev) ( ABI.BR ), will not price its Hong Kong IPO of up to $9.8 billion by Friday as planned, two people with knowledge of the matter said. Budweiser APAC, whose portfolio of more than 50 beer brands includes Stella Artois and Corona, received offers below the HK$40-$47 ($5.13-$6.02) per share target from some large U.S. investors, other people familiar with the matter said. The delay comes after the company reportedly guided potential investors toward the bottom of the range of what was expected to be the world’s biggest initial public offering (IPO) this year. The company’s executives and representatives from the deal’s co-sponsors, JPMorgan ( JPM.N ) and Morgan Stanley ( MS.N ), met in New York to discuss pricing after the books closed on Thursday. It was not immedia
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