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

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



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.
Shares of the beverage company closed down more than 3% Friday on the news.
The company was looking to raise as much as $9.8 billion dollars in a public listing of Budweiser Asia, according to Reuters. It would have been the largest IPO since Uber raised $8.1 billion in its May listing, had it began trading on July 19 as previously planned.
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