Budweiser APAC opened higher by 1.5% in its initial public offering in Hong Kong on Monday in the second largest IPO this year.
Its shares opened at 27.40 Hong Kong dollars a share, above its IPO pricing of HK$27 per share. It was priced at the bottom of its expected range of between HK$27 and HK$30.
"We think we can do a lot of partnerships in Asia here, even if we're the largest brewer in Asia today, this is still a market where we have a lot of opportunities, in many markets where we're not leading ... as well," he continued, adding that the biggest markets in Asia for the company would be China, South Korea, India and Vietnam.
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