InBev calls off Asian IPO

Anheuser-Busch InBev has canceled the nearly $10 billion listing of its Asian business. Citing market conditions, it scrapped what would have been the largest initial public offering of the year and dealt a setback to the brewer’s efforts to pay down debt.

The Hong Kong IPO unit, which sells beers such as Budweiser and Corona, had aimed to raise between $8.3 billion and $9.8 billion.