Public offerings at risk of hangover despite cheer from Budweiser

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It has been a dry season for initial public offerings. So it is welcome news that Budweiser Brewing Company APAC will list in Hong Kong, after scrapping an attempt to go public in July. Market sentiments have turned more positive. More listings are expected to follow Budweiser, which at an estimated US$4.8 billion, is the second-largest globally since Uber Technologies’ US$8.1 billion listing in New York in May. Investors have become more optimistic since the summer of discontent as Chinese and…

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Breaking news, analysis and opinion from the SCMP’s Hong Kong edition.

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