Interbrew’s IPO

In January 2001 the CEO of Interbrew received what was likely the worst news of his career. With the ink on the company’s Initial Public Offering still wet, the British Government announced it was rescinding Interbrew’s €3.68 billion takeover of Bass Brewers, a deal it had affected just four months prior and which served as a selling point in its recent IPO. François de Breteuil … [ Read more ]

Lernout & Hauspie Speech Products, NV: Financing from Start-up through IPO

In 1995, Lernout & Hauspie Speech Products (L&H) was poised for an Initial Public Offering (IPO) on the NASDAQ, home to industry heavyweights like Microsoft and Intel. If the IPO were to be successful, L&H would be the first Belgian company ever to list on the venerable stock exchange. For L&H, the IPO was a key milestone in its remarkable history. Since … [ Read more ]