TAIPEI, Taiwan--(BUSINESS WIRE)--Taipei based financial services company, Gentry Wilson Partners has noted that Anheuser-Busch InBev which is a multinational drink and brewing is planning one of the biggest IPO’s of the year.
The company have suggested to raise up to $10 billion when it lists on the Hong Kong Stock Exchange which would make it the largest IPO of 2019.
Researchers from Gentry Wilson Partners have suggested that the company are looking to offer around 1.63 billion shares that could range from 40 up to 47 Hong Kong dollars according to there set terms of the IPO.
With its popular brands such as Budweiser, Beck’s and Stella Artois the company are looking to raise anywhere from $8.3 billion up to $10 billion, which would surpass Uber Technologies, the last biggest IPO which listed on the New York Stock Exchange in May.
“Listing on the Hong Kong Stock Exchange will gather a lot of investors from Asia and across the world, with such a strong balance sheet and popular brands, we could see this potentially exceed the initial price value.” Commented David Ferguson, Director of Institutional Trading at Gentry Wilson Partners.
Corporate and Institutional investors can submit orders commencing on Tuesday, according to the IPO terms set out, while the IPO will be opened to retails investors on the 8th of July while the stock is set to be listed on the Hong Kong Stock Exchange on the 19th of July, 2019.
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