AB InBev’s Asian Unit Damps IPO Price Expectations

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AB InBev’s Asian Unit Damps IPO Price Expectations
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The Asian unit of Budweiser's parent company guided investors to expect its IPO to price in the lower half of a previously indicated range. It would still be the world's largest stock-market debut this year, eclipsing Uber.

Anheuser-Busch InBev SA’s Asian unit has guided investors to expect its US$8.3 billion-plus initial public offering would price in the lower half of a previously indicated range, people familiar with the matter said.

The listing could help the unit pursue regional deals, and will help parent AB InBev, the world’s biggest brewer, to cut its huge debt pile, which stood at more than US$100 billion at the end of last year after a string of acquisitions.

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