CICC Assists Budweiser APAC in Listing on HKEx

On September 30, 2019, Budweiser Brewing Company APAC Limited (“Budweiser APAC” or “Company”, 1876.HK) successfully listed on the Hong Kong Stock Exchange (“HKEx”). The pre-green shoe offering size is around US$ 5.00 billion and the post-green shoe offering size is around US$ 5.75 billion. CICC acted as Joint Global Coordinator, Joint Book Runner and Joint Lead Manager for the offering.

This offering is the largest HK IPO by offering size in 2019 YTD, the second largest global IPO by offering size in 2019 YTD, the world's largest IPO in food & beverage by deal size in the past 15 years, as well as the largest HK IPO by deal size in the consumer goods industry and the largest IPO by deal size in the Asian beer industry.

Budweiser APAC is a subsidiary of AB InBev (Anheuser-Busch InBev SA/NV), one of the top five consumer goods companies in the world and the world’s leading brewing company. It is also the largest and the most profitable beer company in the Asia Pacific region. The Company produces, imports, markets, distributes and sells a portfolio of more than 50 famous global beer brands, including Budweiser, Stella Artois and Corona, along with multi-country and local brands including Hoegaarden, Cass and Harbin, etc.

As the only Chinese investment bank acting as Global Coordinators, CICC has played an important role in the offerings. AB InBev’s spin-off of its Asia Pacific business in Hong Kong is a strategic move for the long-term development of its Asia Pacific business. As a core syndicate member, CICC introduced a number of high-profile investors to assist with the Company’s successful listing. This is another example of CICC’s long-term professional services for large multinational enterprises, which has been highly recognized by the Company.

As a leading investment bank with “Chinese Roots, International Reach,” CICC will continue to utilize its capital market expertise as well as its unparalleled onshore and offshore business network to provide continuous support to our clients accessing international capital markets, and to promote global business development.