Budweiser Brewing, the Asian unit of beer giant Anheuser-Busch InBev, aims to raise up to US$9.8 billion with its Hong Kong listing. Photo: Bloomberg

Budweiser’s mega IPO gets cool response from Hong Kong investors as high borrowing costs take the fizz out of demand

  • The retail offering for the world’s biggest IPO of the year is estimated to be 3.7 to 5 times oversubscribed, far below earlier forecasts of 10 to 15 times
  • Demand was crimped by high interest rates which made investors reluctant to borrow from brokers to buy the shares, say analysts
Topic |   IPO

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Budweiser Brewing, the Asian unit of beer giant Anheuser-Busch InBev, aims to raise up to US$9.8 billion with its Hong Kong listing. Photo: Bloomberg
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Otto Poon Lok-to, the founder of Analogue Holdings, is also the husband of Secretary for Justice Teresa Cheng Yeuk-wah. Photo: K.Y. Cheng

Analogue Holdings, company chaired by Teresa Cheng’s husband, raises US$43 million in IPO

  • Otto Poon Lok-to, husband of Hong Kong’s Secretary for Justice Teresa Cheng Yeuk-wah, founded the engineering company in 1977
  • Analogue says retail tranche was oversubscribed 6.6 times
Topic |   IPO

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Otto Poon Lok-to, the founder of Analogue Holdings, is also the husband of Secretary for Justice Teresa Cheng Yeuk-wah. Photo: K.Y. Cheng
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