Brewing giant Anheuser-Busch InBev NV is seeking to raise up to $9.8 billion by listing its Asia-Pacific business in Hong Kong.
This marks what would be the world’s largest initial public offering this year.
Budweiser Brewing Company APAC is selling 1.6 billion primary shares at between HK$40-$47 ($5.13-$6.02) apiece.
Those figures are according to termsheets seen by Reuters.
The deal will raise between $8.3 billion and $9.8 billion for heavily-indebted AB InBev.