Budweiser's brewery products, manufactured by Anheuser-Busch InBev NV, are shown during a press conference in Hong Kong, China, on Thursday, July 4, 2019.
Kyle Lam | Bloomberg | Getty Images
Budweiser APAC opened at a higher value of nearly 1.5% at its initial public offering in Hong Kong on Monday for the second largest IPO of the year.
Its shares opened at HK $ 27.40 ($ 3.49) per share, above its IPO price of HK $ 27 per share. It was at the bottom of the expected range between HK $ 27 and US $ 30.
By morning, it had increased by over 5% to HK $ 28.5.
Budweiser APAC CEO Jan Kraps said at the launch: "We are focused on growth, growth is what we set out to do … Asia is, of course, the largest beer market in the world." [1
Deb Budweiser is expected to be the second largest IPO in the world this year after the $ 8.1 billion Uber list in New York City. In July, Anheuser-Busch InBev attempted an IPO for its Asia business. said it would not continue given "several factors, including prevailing market conditions."
The list comes as months-long protests continue to skyrocket Hong Kong, with its IPO market reportedly affected by turmoil.  "Having postponed its experience two months ago, the revival of Budweiser APAC's IPO provided much-needed impetus for Hong Kong as anti-government protests and trade tensions stymied potential listings, including Alibaba's $ 15 billion IPO, which reportedly delayed, "
Chinese e-commerce giant Alibaba said it had delayed its list in Hong Kong – due in August – due to ongoing unrest.