beursgang

Belgian beer giant AB InBev has decided to cancel the IPO of its Asian branch: demand for the stock was expected to disappoint due to its launch price, which American investors thought was too high. The supposedly biggest FMCG flotation of all time therefore is no more.

Levi Strauss, better known as Levi's, will be opening another 100 stores, mostly in Europe and China. The brand is doing extremely well and sold 7% more products in the past quarter.

AB InBev is looking for money to settle its substantial debts: the world's largest brewing company has managed to raise 13.5 billion euros with a new bond offering and is also considering to float its Asian branch.

German investment group Rocket Internet has brought yet another one of its ventures to the stock exchange. Following Zalando, HelloFresh and Delivery Hero, it was online furniture store Home24's turn to raise investments for growth acceleration this way.

Rocket Internet wants to go public with its furniture web shop Home24 in the summer. During the next few months, it will work tirelessly to improve the web shop’s results.

Mealbox delivery service HelloFresh’ share on the Frankfurt stock exchange managed to hold firm on its first day, hovering around 10.5 euro.

French supermarket company Carrefour took the first step towards to its Brazilian branch’s IPO. It hopes to attract 4.5 to 5.6 billion Brazilian real (1.2 to 1.5 billion euro).