Investor enthusiasm for the IPO underscores a global search by big beer brands for growth, as younger drinkers in North America and Europe have eschewed beer
The Asia-Pacific unit of Anheuser-Busch InBev SA aims to raise as much as $9.8 billion in what could be the largest initial public offering so far this year and the biggest-ever listing of a food or drink company.
Budweiser Brewing Co. APAC Ltd. on Tuesday started taking orders from investors for the IPO set to debut on the Hong Kong stock exchange on July 19 and value the business at up to $63.7 billion, according to a deal document reviewed by The Wall Street Journal.
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