AB InBev revives HK IPO of Asian unit, seeks to raise $4.85b

AB InBev revives HK IPO of Asian unit, seeks to raise $4.85b

Bottles of beer move along a conveyor belt at the Anheuser-Busch InBev NV Budweiser bottling facility in St. Louis, Missouri, U.S., on Tuesday, Oct. 24, 2017. Photographer: Luke Sharrett/Bloomberg

Anheuser-Busch InBev NV revived the Hong Kong initial public offering of its Asian unit and is set to raise as much as HK$37.9 billion ($4.85 billion), roughly half of an earlier target, people with knowledge of the matter said.

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