Macau Legend starts pre-marketing for US$600m HK IPO: term sheet

Casino operator Macau Legend Development Ltd has kicked off pre-marketing for its planned approximately US$600 million Hong Kong initial public offering, a term sheet for the offer seen by Reuters showed on Monday.

The company, which owns Macau Fisherman’s Wharf, Landmark Macau and Pharaoh’s Palace Casino, plans to price the IPO on June 21, with listing scheduled for June 27, the terms showed. The IPO consists of 100 per cent primary shares and would value the company at US$2.4 billion.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1247197/macau-legend-starts-pre-marketing-us600m-hk-ipo-term