Capital markets week ahead: Budweiser, CPPIB, Whataburger

摘要

KING OF IPOS Budweiser is set to go down as the biggest listing so far this year, with the Asia-Pacific business of brewer Anheuser-Busch InBev set to raise as much as HK$77bn (US$9.8bn) on Thursday. Even at the bottom of the range, the deal would pip the US$8.lbn listing of ride-hailing giant Uber in May and stand as the largest globally since SoftBank's US$23bn Tokyo listing in October. Unlike most jumbo IPOs in Hong Kong, the Budweiser deal comes with no cornerstone investors. However, the deal is nonetheless expected to generate decent demand - a consumer goods company that generates real earnings is something of a rarity in recent IPOs. Budweiser produces and sells more than 50 beer brands including Stella Artois, Skol and Corona. Cheers!