百威亚太在港上市计划被取消近100亿美元IPO大计胎死腹中
格隆汇7月13日丨北京时间7月13日凌晨,百威英博(BUD.US)表示,已决定不再推进亚太子公司(百威亚太)在香港的IPO计划。百威亚太规模近100亿美元的IPO大计胎死腹中。
公司称,由于几个因素,包括当前市场状况,公司没有在推进此项交易,公司将密切关注市场状况,并基于严格的财务纪律持续评估各种选择,以提高股东价值、优化业务并推动长期增长。
据悉,围绕百威亚太在香港上市的定价问题,公司与摩根大通及摩根士丹利未能达成共识。
百威英博(BUD.US)周五收跌3.03%,报86.94美元。

根据原先安排,百威亚太以每股40港元至47港元招股,发售16.265亿股,集资650.6亿至764.46亿港元。 若百威亚太行使超额配股权,发售规模增至18.705亿股,集资额增至748.2亿至879.14亿港元。
也就是说,以其2018年盈利约14.08亿美元计算,百威此次上市对应的市盈率介于38.5~45倍。
知情人士表示,该子公司周四曾向投资者暗示,IPO发行价将处于之前的指导价格区间的下半段。
还值得一提的是,和大多数的港股IPO不一样,百威此次并未引入基石投资者。据悉当时百威管理层认为百威定价合理,自信能够吸引到足够多的机构投资者,不担心认购不足的可能性。
此次百威亚太在港上市计划的暂停,是有记录以来被取消的规模第三大IPO。2011年,西班牙彩票巨头Sociedad Estatal de Loterias y Apuestas del Estado SA曾寻求上市融资101亿美元;2009年,保险公司友邦保险控股有限公司(AIA Group Ltd., 1299.HK, 简称∶友邦保险)曾首次尝试在香港上市,当时该公司寻求融资100亿美元。
有分析人士认为,该亚洲子公司或再次尝试在香港或其他交易所上市,不过它需要重新提交新的上市文件,提供更新的财务数据。
不过就目前而言,搁置融资计划可能会加大该亚洲子公司进行地区性并购交易的难度,也会加大母公司百威英博削减巨额债务的难度。在进行一连串收购后,百威英博去年年底的负债超过了1000亿美元。
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