By NEIL HARTNELL

Tribune Business Editor

Commonwealth Brewery yesterday stunned the capital markets by warning that it would not allocate shares to investors who had subscribed to its $62.5 million initial public offering (IPO) as nominees, a move many feared would "kill the deal" for those wanting confidentiality.

In a May 3 letter signed by managing director LeRoy Archer and company secretary Shun Chou, Commonwealth Brewery warned that it would not allocate shares to Bahamian retail and institutional investors unless it was provided with information identifying the ultimate beneficial owner(s) behind the investment.

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Noting that the IPO attracted "a number ...

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