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 It blamed market conditions for what Dealogic said was the largest withdrawn IPO since 2011.
Beer tastes bad that’s why.
It went wrong when Geremans thought they could try and sale shitty American beer there!
Capitalists are concerned about Hong Kong's attractive market. Political tensions with China are a big challenge.
'INVESTORS' ARE MORE INTELLIGENT THAN CORPORATES WHO EXAGGERATES THEIR PERFORMANCE BEFORE PUBLIC ISSUES. NEED TO DISCLOSE REAL STRENGTH BUT NOT OVER VALUED, EXAGGERATED, OVER EXPECTED PERFORMANCE. PREMIUMS BECAME FASHION OF IPOs. MANY RECENT IPOs SHARES ARE TRADED AT LOW PRICES.
It would be no alcohol? Well President in 2001 was attacked and had no alcohol drinks, now has to work and still no drinks. No festivities? y