NWH Investments starts premarketing for $1bn IPO again
After a three month hiatus, New World Hotel Investments is back in the market once again, having restarted the premarketing process for its $1bn IPO on September 30.
This would be the second time the hotel trust has started premarketing, having first met with investors back in June.
However, parent company New World Development decided not to push ahead with bookbuilding after seeing the Hong Kong Hang Seng Index fall by 6.7% during the month.
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