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Year's Biggest IPO Scrapped Due To Low Investor Demand As S&P Hits All Time High

• https://www.zerohedge.com, Tyler Durden

On the day, the S&P levitated above 3,000 and hits a new all time high, with Dow 30,000 now within shouting distance, on Friday afternoon,  the world's largest brewer, Anheuser-Busch InBev, scrapped plans to sell up to $9.8bn in shares in its Asian business - in what would have been the year's biggest IPO - as a result of, wait for it, weak investor appetite at the stated price range.

In a statement from AB InBev - which had been seeking to sell a minority stake in Budweiser APAC which markets 50 brands including Budweiser and Stella Artois in China, Australia, South Korea and Vietnam - the company said that, "at this time" it was "not proceeding with this transaction" primarily due to "prevailing market conditions."

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