Russia’s major alcohol retailer announces and scraps IPO within days

Russia | Russia’s – What was this? A flash in the pan? Mercury Retail Holding, the largest ultra-convenience store operator in Russia, announced on 26 October 2021 it would list on Moscow’s stock market. Trading would begin on 10 November. On 3 November, the offer was priced at USD 1.3 billion, which would have given it a market value of USD 12 billion to USD 13 billion.

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Cautious BrewDog delays plans for stock market listing

United Kingdom | Perhaps they were too keen and eager. The UK’s largest craft brewer, BrewDog, has indicated that it will delay a planned GBP 2.1 billion (USD 2.8 billion) flotation amid turbulence in the hospitality industry.

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ThaiBev shelves plans for Singapore IPO

Singapore | Given the worsening covid pandemic, ThaiBev, one of southeast Asia’s major brewers, announced that it is postponing its plans to sell a 20 percent stake in its regional beer business via a Singapore listing.