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Ab Inbev Asia Cancels World's Largest Ipo Of 2019

by reuters.com posted 1week ago 8 views
* Offers made below target range by some U.S. investors -sources. : HONG KONG/NEW YORK (Reuters) - Anheuser-Busch InBev (ABI.BR) said on Friday it will not proceed with the planned listing in Hong Kong of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd (1876.HK), in what would have been the world’s biggest initial public offering of 2019. The IPO was considered a barometer for future large share sales. AB InBev, the world’s largest brewer, had aimed to sell as much as $9.8 billion in stock to raise raised much-needed funds for the company to cut its debt heavy burden.

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