Why Budweiser and bankers failed to sell IPO

Trouble brewing: Proceeds from the listing would have allowed Brito to pay down part of AB InBev’s colossal borrowings. — AFP

London: For months, executives from Anheuser-Busch InBev NV raced to prepare for a listing of its Asian subsidiary, Budweiser Brewing Company APAC Ltd.

It was to be this year’s biggest initial public offering (IPO) and would surpass Uber Technologies Inc’s US$8.1bil share sale.