AB InBev's Asia unit secures $5 bn via IPO

Anheuser-Busch InBev (AB InBev) has secured about $5 billion in a Hong Kong IPO of the brewer's Asia-Pacific unit after pricing it at the bottom of an indicative range.

The IPO of the Asia-Pacific unit of AB InBev, the world's largest brewer, is the second-biggest globally so far this year.

In July, the brewing giant tried to raise up to $9.8 billion through an initial public offering (IPO) of Budweiser Brewing Company APAC Ltd.

AB InBev owns about 50 beer brands, including Stella Artois, Becks and Corona. Asia is an important growth market for the company, whose market share has shrunk in the US, where it owns key brands like Bud Light and Budweiser.

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