- This IPO could have raised from $8.3 billion to $9.8 billion
- The deal’s failure was due to “prevailing market conditions”, according to the company
- Uber’s IPO remains the largest of the year so far
As reported earlier this month, world’s biggest brewer Anheuser-Busch InBev, with a vast portfolio that counts with more than 50 brands such as Corona and Stella Artois, has officially given up on its ambitious IPO. The company’s goal was to raise as much as $ 9.8 billion by listing its Asia Pacific business in Hong Kong.
One banker involved in the deal said to Financial Times, on condition of anonymity, that “it was clear from early market feedback that AB InBev’s target range was probably higher than investors would accept”.
According to Estadão, data from consultancy Dealogic indicate that AB Inbev’s IPO dropout is the third largest to date.