The company behind Bud Light said it won't take its Asia unit public, cancelling the largest IPO of 2019

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The public offering was expected to raise as much as $9.8 billion dollars and would've helped the company expand in Asian markets.

Anheuser-Busch InBev has cancelled its Asia IPO, expected to be the largest of 2019. Shares of the company fell on the news. The company said it would closely monitor conditions in Asia for its next move. Watch Anheuser-Busch InBev trade live on Markets Insider. Anheuser-Busch InBev, which produces Budweiser and Bud Light, has called off what would've likely been the largest IPO of 2019 by deciding not to take its Asia unit public.

Anheuser-Busch InBev has cancelled its Asia IPO, expected to be the largest of 2019. Shares of the company fell on the news. The company said it would closely monitor conditions in Asia for its next move. Watch Anheuser-Busch InBev trade live on Markets Insider. Anheuser-Busch InBev, which produces Budweiser and Bud Light, has called off what would've likely been the largest IPO of 2019 by deciding not to take its Asia unit public.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They went out in defiance of the storm? Further deferment will not be allowed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cannabis company exec says Jay-Z partnership will fuel national growthShawn 'Jay-Z' Carter is partnering with a California cannabis company as its chief brand strategist, and the company's CEO is looking to expand to other states. Boo more ppl with brain damage 🤣
Source: CNBC - 🏆 12. / 72 Read more »