LIVE
LIVE

Stocks Blog: Shanghai, Hong Kong close higher, but slowdown and other worries hang over markets

  • Corn-linked stocks fall as ministry cuts forecast amid African swine fever
  • Lenovo jumps on new data showing it tops global shipments
A pedestrian walks past the Bund Bull statue in Shanghai on October 24, 2018. Photo: Bloomberg
Topic |   Stocks Blog
Budweiser Brewing, the Asian unit of beer giant Anheuser-Busch InBev, aims to raise up to US$9.8 billion with its Hong Kong listing. Photo: Bloomberg

Budweiser’s mega IPO gets cool response from Hong Kong investors as high borrowing costs take the fizz out of demand

  • The retail offering for the world’s biggest IPO of the year is estimated to be 3.7 to 5 times oversubscribed, far below earlier forecasts of 10 to 15 times
  • Demand was crimped by high interest rates which made investors reluctant to borrow from brokers to buy the shares, say analysts
Topic |   IPO

TOP PICKS

Budweiser Brewing, the Asian unit of beer giant Anheuser-Busch InBev, aims to raise up to US$9.8 billion with its Hong Kong listing. Photo: Bloomberg
READ FULL ARTICLE