Companies to Delay IPOs in Current Market Climate, Goldman Says

Jan Craps, chief executive officer of Budweiser Brewing Company APAC Ltd., left, and Frank Wang, executive director, general counsel and joint company secretary, strike a gong during the company’s listing ceremony at the Hong Kong Stock Exchange in Hong Kong, China, on Monday, Sept. 30, 2019. The Asia-Pacific beer unit of Anheuser-Busch InBev NV gained as much as 4.8% in its Hong Kong trading debut, a positive for the lackluster global market in initial public offerings and vindication for the beermaker in its second attempt at an Asian listing. Photographer: Kyle Lam/Bloomberg