Alibaba’s headquarters in Hangzhou, Zhejiang province. Photo: Reuters

Alibaba shareholders approve one-to-eight stock split, which could ease potential Hong Kong secondary listing

  • Share split would give Alibaba greater flexibility for raising capital
  • E-commerce company reportedly considering US$20 billion secondary offering in Hong Kong
Topic |   Alibaba

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Alibaba’s headquarters in Hangzhou, Zhejiang province. Photo: Reuters
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Anheuser-Busch’s US$9.8 billion Budweiser IPO received a cool reception in Hong Kong. Photo: Shutterstock

Anheuser-Busch scraps its US$9.8 billion IPO for Budweiser in Hong Kong, scuppering world’s largest fundraising plan of 2019

  • The world’s brewer has cited ‘prevailing market conditions’ as one of the factors for its decision to scupper the IPO of its Budweiser unit
  • The brewer will continue to evaluate its options to enhance shareholder value, Anheuser-Busch said in a statement
Topic |   IPO

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Anheuser-Busch’s US$9.8 billion Budweiser IPO received a cool reception in Hong Kong. Photo: Shutterstock
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