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AB InBev IPO: The World's Largest Brewery Can Resurrect Its Massive Hong Kong IPO



The world's largest brewery said in a statement Thursday that there is no certainty that the transaction will go through "and the decision to proceed will depend on a number of factors and prevailing market conditions."
Asian stock markets were turbulent this year, largely because of the trade war between the US and China. Hong Kong's Hang Seng Index has dropped 5.1% since early July, hit by a political crisis that has seen months of mass demonstrations.
AB InBev hoped to raise as much as $ 9.8 billion by listing Budweiser Brewing Company APAC, Asia's largest retail brewery, before withdrawing its planned bid in July. The IPO would exceed Uber ( UBER ) which raised $ 8.1
billion in May in New York.
  The Budweiser beer empire is built on debt. He is now racing to pay it off.

AB InBev can use the funds to reduce its huge debt. The company has already taken steps to stabilize its balance sheet by halving its dividend last year and landing its Australian business for $ 11.3 billion in July.

AB InBev became the best brewer in the world by borrowing money to finance a series of acquisitions. The company's newest mega acquisition, SABMiller, increased its debt to $ 102.5 billion in 2018.

IPO An IPO can also help the company in China, the world's largest beer market. AB InBev sales in the country rose 8.3% last year, with brands such as Budweiser and Corona performing particularly well.

The listing will be a profit for the Hong Kong Stock Exchange. Last month, reports emerged that Internet giant Alibaba Alibaba ( BABA ) would delay plans to raise $ 15 billion through a secondary list in Hong Kong amid ongoing political waves. Alibaba declined comment at the time.

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