The world's largest brewer said in a statement Thursday that there is no guarantee that the transaction will go through "and the decision to continue will depend on a number of factors and prevailing market conditions."
Asian stock markets have been turbulent this year, mainly because of the US-China trade war. The Hang Seng index in Hong Kong is down 5.1% since the beginning of July, hit by a political crisis that has seen months of mass demonstrations.
AB InBev hoped to raise as much as $ 9.8 billion by listing Budweiser Brewing Company APAC, Asia's largest retailer by retail, before withdrawing its planned July offer. The IPO would have topped Uber ( UBER )
which raised $ 8.1
billion in New York in May.
AB InBev could use the funds to reduce the enormous debt load. The company has already made moves to stabilize the balance, cut its dividend to half last year and unload its Australian operations for $ 11.3 billion in July.
AB InBev became the world's top brewer by borrowing money to finance a number of acquisitions. The company's latest mega-acquisition, by SABMiller, increased its debt to $ 102.5 billion in 2018.
A listing from Asia can also help the company in China, the world's largest beer market. AB InBev's sales in the country increased by 8.3% last year, with brands such as Budweiser and Corona performing particularly well.
The listing would be a gain for the Hong Kong Stock Exchange. It emerged last month that internet giant Alibaba ( BABA ) would delay plans to raise $ 15 billion through a secondary listing in Hong Kong amid ongoing political turmoil. Alibaba declined to comment at the time.