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Sept. 12, 2019, 3:42 a.m. EDT

Anheuser-Busch InBev shares rally on plans for slimmed-down Hong Kong IPO

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By Barbara Kollmeyer

Anheuser-Busch InBev /zigman2/quotes/209225053/composite BUD +1.23% /zigman2/quotes/203831500/delayed BE:ABI +4.58% shares jumped 4.6% in Belgium on Thursday amid reports the parent of beer giant Budweiser is planning to list a slimmer version of its Asia unit. The company is planning to raise $5 billion in an initial public offering for its Budweiser Brewing Co. APAC LTD. unit in a Hong Kong offering that could be done by the end of September, said sources cited by The Wall Street Journal . The news comes two months after the European beer giant called off that listing.

/zigman2/quotes/209225053/composite
US : U.S.: NYSE
$ 55.03
+0.67 +1.23%
Volume: 4.79M
June 4, 2020 4:00p
P/E Ratio
12.16
Dividend Yield
1.93%
Market Cap
$89.88 billion
Rev. per Employee
$316,102
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/zigman2/quotes/203831500/delayed
BE : Belgium: Euronext Brussels
51.00
+2.24 +4.58%
Volume: 893,820
June 5, 2020 11:17a
P/E Ratio
12.65
Dividend Yield
N/A
Market Cap
€95.55 billion
Rev. per Employee
€268,229
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