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Nikkei Markets

Budweiser dents outlook for large IPOs in Hong Kong

Cancellation threatens city's status as world's largest market for new listings

The IPO of Anheuser-Busch InBev's Asia Pacific unit was expected to be Hong Kong’s largest IPO this year.   © Reuters

HONG KONG (Nikkei Markets) -- The decision by Anheuser-Busch InBev to pull the plug on a multibillion-dollar share offering in Hong Kong by its Asia Pacific unit could nudge other big companies that aren't desperate for cash to delay their listing plans, weakening the city's standing as a fundraising center.

The news that Budweiser Brewing Company APAC has canceled its initial public offering comes at a challenging time for Hong Kong. Market sentiment is sagging as political troubles add to the overhang from the trade war. Meanwhile, funding costs have surged.

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