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Mirai Life Securities : Says AB InBev's Asian Pacific Unit Will Become the Second Largest IPO Of 2019

09/30/2019 | 05:42am EST

Japanese wealth management company Mirai Life Securities has commented on the multinational drink and brewing company Anheuser-Busch InBev NV as they gained over 7% percent on its debut day of trading.

The company's beer unit Budweiser Brewing Company managed to raise over $5 billion U.S. dollars in the world’s second-largest IPO this year, just behind Uber Technologies which listed earlier in 2019. Shares rallied as high as HK$28.90 on the Hong Kong Exchange from its original offering price at HK$27.

“There was continued demand for the stock when the management company exhibited its offerings through its investor roadshow, and there seems to be a strong amount of confidence from investors within this stock,” commented Adam Walker, Head of Corporate Trading at Mirai Life Securities.

The final results after its initial public offering showed a strong conclusion of growth and optimism for future IPOs to list on the Hong Kong Stock Exchange after uncertainty filled the earlier part of the year.

AB InBev's journey wasn’t as clear as it seems; the company had to revive its offering after a strategic decision was made to sell its Australian operations to Japan’s beer and soft drink company Asahi Group Holdings. The agreed amount was for $11 billion U.S. dollars, that roughly divided the company’s size allowing investors to have a more targeted stake in its faster growing businesses.

With the recent successful IPO, it has sent Hong Kong charging past Shanghai as the world’s third-largest market for IPOs this year. Client sentiment has changed to positive, with a potentially lucrative secondary listing of Alibaba Group Holdings on the horizon.

“Strong earnings and growth are two key factors investors look for, and this was the case for its successful initial public offering. More IPO’s will follow suit on the Hong Kong stock exchange as they currently sit behind its New York rivals,” commented Thomas Murphy, Head of Asset Management at Mirai Life Securities.

With the IPO's proceeds the company will be offsetting over $100 billion in debt, which was accumulated with the purchase of SABMiller towards the end of 2016. The company hosts the most known beverage brands with names that include Corona and Stella Artois.

© Business Wire 2019
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