6/21/2013

A global equity sell-off and a cash squeeze in mainland China led casino owner Macau Legend Development to delay its initial public offering, which was set to raise up to $768 million in Hong Kong. It was the third time in a month that a major IPO in Hong Kong was postponed. Growing market volatility raises doubts about whether NW Hotel Investments can complete its upcoming $1 billion IPO.

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Reuters

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