Home / Market News / Anheuser-Busch InBev shares rally on plans for slimmed-down Hong Kong IPO

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

Anheuser-Busch InBev 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. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Read Full Story