Shares of the world’s largest brewer’s Asian operations climbed in their trading debut on Hong Kong’s stock exchange Monday, joining the ranks of other richly valued regional beer companies.

Budweiser Brewing’s shares opened slightly above their initial public offering price after the unit of Anheuser-Busch InBev raised $5bn from the share sale. The shares closed at 28.20 Hong Kong dollars (US$3.60), about 4.4% higher than their IPO price of HK$27 a share, giving the business a market capitalisation of roughly $47bn.