Belgian brewing giant Anheuser-Busch InBev’s Asia business has relaunched its failed Hong Kong initial public offering with a lower $4.8 billion target. Alec Macfarlane explains why it might just succeed this time around, despite choppy markets and pro…
The office-share company’s IPO prospects are dimming – but home-rental site Airbnb is in the ascendant. While both have been valued at more than $30 bln, Airbnb’s asset-light business shows signs of better profitability, scale and real network effects,…
Luxury boatmaker Ferretti counts George Clooney and Sophia Loren among its customers. Chinese owner Weichai salvaged it after it hit choppy financial waters and is now planning an IPO. Lisa Jucca dons her sea legs to assess whether it’s a ship-shape in…
The We Company is delaying its initial public offering, as its likely valuation has declined from $47 billion to $10 billion, per news reports. Without growth, the WeWork business might be worth even less, Liam Proud says. But WeWork without an IPO may…
Naspers is Africa’s biggest company thanks to a 2001 bet on China’s Tencent. But its elephantine size on the Johannesburg exchange meant a chunky value discount. Listing its Tencent stake in Europe has helped; scrapping golden shares would close the ga…
The iconic co-founder of China’s e-commerce titan, Alibaba, has stepped down and handed the reins to his successor. Pete Sweeney and Robyn Mak talk about what this means for the company, and what challenges await its next generation of leaders as growt…
Hong Kong’s stock exchange wants to merge with its British peer, which is itself pursuing a $27 billion deal with data provider Refinitiv. As Peter Thal Larsen explains, the last-ditch attempt to snag London’s perennial takeover target seems unlikely t…
The iPhone maker’s annual product launch included a $5 TV offering that undercuts pricier Netflix and Disney. It won’t make much impact on a near-$1 trillion company that mostly makes its money from selling phones – but it sets an intriguing precedent,…
The automaker’s bonds fell after Moody’s cut its credit rating to junk. Weak profitability is old news, though, says Antony Currie, and Ford still has net cash. But heavy capital spending needs could force it to reduce the dividend, which may explain t…
Italy’s corporate and political establishment gathered for the annual Ambrosetti conference as legislators prepared to confirm a new odd-couple government in Rome this week. Rob Cox and Lisa Jucca beam in from the sunny shores of Lake Como.