Anheuser-Busch InBev Asia cancels world's largest IPO of 2019 [CNBC]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: CNBC
Anheuser-Busch InBev Asia cancels world's largest IPO of 2019 A customer shops in a supermarket in Princeton, Illinois. Daniel Acker | Bloomberg | Getty Images Anheuser-Busch InBev The move, against the backdrop of a protracted U.S.-China trade war, set a downbeat tone for large listings, seen as a barometer for future large share sales, such as Alibaba's listing. Budweiser APAC, whose portfolio of more than 50 beer brands includes Stella Artois and Corona, received offers for shares within its targeted range from hedge funds and private wealth managers but some large long-only U.S. investors, which are often prioritized in an , offered below the HK$40 per share level, other people familiar with the matter said. s on exchanges are only able to price up to 10% below the target range without regulatory approval if the risk is flagged in its prospectus. This was not sufficiently highlighted in the Budweiser filing so AB InBev held firm on the HK$40 price, meaning some U.S. investors
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