Macau Legend overcomes hurdles to price shrunken IPO, but bankers say vol is no blip
Asian ECM bankers working on the IPO of casino owner Macau Legend felt they had little reason to worry as they contemplated the state of the book for the HK$5.4bn deal on June 19, writes Andrew Griffin. Two days into a short bookbuilding process, and helped by cornerstone investment, orders were building well — with 48 hours left to go.
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