Why investors balked at canceled Budweiser listing
What would have been the year’s biggest initial public offering flopped after Anheuser-Busch InBev SA and its banks took a series of gambles that didn’t pay off.
The world’s biggest brewer halted a nearly $10 billion listing of its Asian unit, Budweiser Brewing Co. APAC Ltd., on Friday. It blamed market conditions for what Dealogic said was the largest withdrawn IPO since 2011.
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