"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-07-02T13:42:33Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/07/02/anheuser-busch-inbev-ipo-asia-brewing-egan-first-move-sot.cnn"
data-branding-key=""
data-video-slug="anheuser busch inbev ipo asia brewing egan first move sot"
data-first-publish-slug="anheuser busch inbev ipo asia brewing egan first move sot"
data-video-tags="anheuser-busch inbev,asia,banking, finance and investments,business, economy and trade,china,companies,continents and regions,east asia,financial markets and investing,financing and stock offering,hong kong,initial public offering"
data-details="">
Video Ad Feedback
Anheuser-Busch InBev IPO hopes to raise $9.8 billion
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-07-02T13:42:33Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/07/02/anheuser-busch-inbev-ipo-asia-brewing-egan-first-move-sot.cnn"
data-branding-key=""
data-video-slug="anheuser busch inbev ipo asia brewing egan first move sot"
data-first-publish-slug="anheuser busch inbev ipo asia brewing egan first move sot"
data-video-tags="anheuser-busch inbev,asia,banking, finance and investments,business, economy and trade,china,companies,continents and regions,east asia,financial markets and investing,financing and stock offering,hong kong,initial public offering"
data-details="">
Video Ad Feedback
Anheuser-Busch InBev IPO hopes to raise $9.8 billion
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-15T04:40:03Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/14/fish-and-chips-uk-dishes-rising-food-prices-war-in-ukraine.cnnbusiness"
data-branding-key=""
data-video-slug="fish and chips uk dishes rising food prices war in ukraine"
data-first-publish-slug="fish and chips uk dishes rising food prices war in ukraine"
data-video-tags="agricultural commodities,agriculture,agriculture, forestry, and commercial fishing,banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,consumer products,continents and regions,europe,financial markets and investing,food and beverage industry,food prices,food production industry,northern europe,price increases,russia-ukraine conflict,united kingdom,unrest, conflicts and war"
data-details="">
Video Ad Feedback
Russia's war in Ukraine threatens one of England's most famous dishes
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-08T13:32:55Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/08/taco-bell-defy-drive-thru-restaurant-nr-vpx.cnn"
data-branding-key=""
data-video-slug="taco bell defy drive thru restaurant nr vpx"
data-first-publish-slug="taco bell defy drive thru restaurant nr vpx"
data-video-tags="business and industry sectors,business, economy and trade,companies,continents and regions,fast food,food and beverage industry,food and drink,midwestern united states,minneapolis,minnesota,north america,restaurant and food service industry,restaurant industry,restaurants,taco bell,the americas,united states,yum brands inc"
data-details="">
Video Ad Feedback
New Taco Bell drive-thru restaurant serves tacos using mini elevators
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-04T13:18:21Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/04/na-beer-wine-spirits-non-alcoholic-boom-fm-orig.cnn-business"
data-branding-key="fresh-money"
data-video-slug="na beer wine spirits non alcoholic boom fm orig"
data-first-publish-slug="na beer wine spirits non alcoholic boom fm orig"
data-video-tags="alcoholic beverages,beverage industry,beverages,business and industry sectors,business, economy and trade,consumer products,distilled liquors,food and beverage industry,food and drink,food production industry,food science and technology,kinds of foods and beverages,technology,wine"
data-details="">
Video Ad Feedback
The fastest growing trend in adult beverages will surprise you
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-14T18:13:13Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/14/baby-formula-shortage-broaddus-pkg-ebof-vpx.cnn"
data-branding-key=""
data-video-slug="baby formula shortage broaddus pkg ebof vpx"
data-first-publish-slug="baby formula shortage broaddus pkg ebof vpx"
data-video-tags="baby and children's products,baby foods,business and industry sectors,business, economy and trade,charities and charitable giving,children,consumer products,demographic groups,families and children,family members and relatives,food and drink,food assistance,food charities,food products,kinds of foods and beverages,population and demographics,social assistance and welfare,society"
data-details="">
Video Ad Feedback
Mother describes 'anxiety provoking' search for baby formula
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-11T12:01:03Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/11/actor-james-cromwell-starbucks-milk-price-protest-newday-vpx.cnn"
data-branding-key=""
data-video-slug="actor James Cromwell starbucks milk price protest newday vpx"
data-first-publish-slug="actor James Cromwell starbucks milk price protest newday vpx"
data-video-tags="arts and entertainment,beverages,business and industry sectors,business, economy and trade,celebrity and pop culture,civil disobedience,companies,consumer products,continents and regions,dairy products,food and drink,food products,kinds of foods and beverages,new york (state),new york city,non-dairy milks,non-profit and ngo organizations,north america,northeastern united states,people for the ethical treatment of animals,protests and demonstrations,society,starbucks corp,the americas,united states"
data-details="">
Video Ad Feedback
Actor superglues his hand to Starbucks counter in protest
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-29T22:44:01Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/29/tip-culture-shift-us-service-economy-foreman-pkg-the-lead-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="tip culture shift us service economy foreman pkg the lead vpx"
data-first-publish-slug="tip culture shift us service economy foreman pkg the lead vpx"
data-video-tags="business and industry sectors,business, economy and trade,compensation and benefits,continents and regions,coronavirus,coronavirus pandemic,diseases and disorders,economy and economic indicators,epidemics and outbreaks,food and beverage industry,food and drink,gratuities and tips,health and medical,infectious diseases,labor and employment,life forms,microscopic life,misc people,north america,northeastern united states,public health,respiratory diseases,restaurant and food service industry,restaurant industry,restaurants,the americas,tom foreman,united states,viruses,wages and salaries,washington, d.c."
data-details="">
Video Ad Feedback
Americans are tipping less in the wake of tipping fatigue
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-25T17:20:02Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/25/food-prices-ukraine-russia-romans-orig.cnn"
data-branding-key=""
data-video-slug="food prices ukraine russia romans orig"
data-first-publish-slug="food prices ukraine russia romans orig"
data-video-tags="agricultural commodities,agriculture,agriculture, forestry, and commercial fishing,antitrust and trade law,banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,consumer products,continents and regions,eastern europe,economic policy,economy and economic indicators,energy and utilities,energy commodities,europe,financial markets and investing,food and beverage industry,food prices,food production industry,law and legal system,oil and gas industry,oil prices,price increases,price-fixing,russia,trade and development,trade regulation and policy,ukraine,unrest, conflicts and war"
data-details="">
Video Ad Feedback
Forget oil. Here's how Russia's war in Ukraine is jacking up food prices.
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-15T00:27:03Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/14/kebab-launched-moos-pkg-orig-gr-vpx.cnn"
data-branding-key=""
data-video-slug="kebab launched moos pkg orig gr vpx"
data-first-publish-slug="kebab launched moos pkg orig gr vpx"
data-video-tags="aviation and aerospace industry,business and industry sectors,business, economy and trade,continents and regions,extraterrestrial life,jeanne moos,middle east,middle east and north africa,misc people,space and astronomy,space exploration,space industry,spacecraft and satellites,turkey,space launches"
data-details="">
Video Ad Feedback
What's that long skinny thing a restaurant just tried sending to space?
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-22T23:44:32Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/03/22/pusha-t-arbys-ad-mcdonalds-orig-jk.cnn"
data-branding-key=""
data-video-slug="pusha t arbys ad mcdonalds orig jk"
data-first-publish-slug="pusha t arbys ad mcdonalds orig jk"
data-video-tags="arts and entertainment,business and industry sectors,business, economy and trade,celebrities,companies,mcdonald's corp,media industry,music,music and dance,music industry,music releases,musical styles,pusha-t,rap and hip-hop music"
data-details="">
Video Ad Feedback
Pusha T isn't 'lovin' it' anymore. Hear his new song for Arby's
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-16T19:20:08Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/03/16/wendys-fast-food-inflation-price-increase-video-watch-orig.cnn-business"
data-branding-key="markets-now"
data-video-slug="wendys fast food inflation price increase video watch orig"
data-first-publish-slug="wendys fast food inflation price increase video watch orig"
data-video-tags="business and industry sectors,business executives,business, economy and trade,consumer products,fast food,food and beverage industry,food and drink,labor and employment,price increases,restaurant and food service industry,restaurant industry,restaurants,workers and professionals"
data-details="">
Video Ad Feedback
Wendy's CEO: Expect menu price increases of 5% this year
Anheuser-Busch InBev
(BUD) is hoping to raise as much as $9.8 billion when it lists its Asia business in Hong Kong in the biggest IPO of the year.
Budweiser Brewing Company APAC, the largest brewer in Asia by retail sales, plans to offer 1.63 billion shares for between 40 and 47 Hong Kong dollars ($5.13 to $6.02), according to a document setting out the terms of the IPO that was shared with CNN Business.
That would raise between $8.3 billion and $9.8 billion for the brewer of Bud Light, Beck’s and Stella Artois. The biggest IPO of the year so far, by Uber
(UBER) in May in New York, raised $8.1 billion.
“The number one reason to do the listing is to have a platform in the region that is seen as closer to those markets and connected to what the region will do, since that’s something that can be attractive to local groups,” he told the Financial Times.
AB InBev became the world’s largest brewer by borrowing money to fund a series of acquisitions. Its most recent mega purchase, of SABMiller, increased the company’s debt to $102.5 billion in 2018.
The IPO could also help the company in China, the world’s largest market for beer. AB InBev’s sales in the country grew 8.3% last year,with its super premium brands performing especially well.
Institutional investors could submit orders starting on Tuesday, according to the IPO document. The IPO will be opened to retail investors on July 8, and the stock will list on the Hong Kong Stock Exchange on July 19.
Budweiser APAC plans to sell 95% of the shares to international institutional investors. Only 5% will be set aside for retail investors, unless underwriters choose to release additional shares.
JPMorgan
(JPM) and Morgan Stanley
(MS) are joint sponsors on the deal, while Bank of America Merrill Lynch
(BAC) and Deutsche Bank
(DB) are acting as joint global coordinators.
