Anheuser-Busch InBev NV suspended what would have been the year’s largest initial public offering, citing market conditions for pulling plans for its Asia Pacific unit to raise as much as $9.8 billion.
The world’s biggest brewer said in a statement that it has decided for now not to proceed with the IPO of Budweiser Brewing Company APAC Ltd. People familiar with the matter said earlier that the company was struggling to price its shares in Hong Kong July 12.
“The company is not proceeding with this transaction due to several factors, including the prevailing market conditions,” AB InBev said in ...
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