Macau Legend delays HK IPO as markets tumble

Casino owner Macau Legend Development postponed an up to US$786 million (HK$6.1 billion) initial public offering in Hong Kong, sources said on Friday, the latest casualty of volatile global markets which could claim other IPO hopefuls in the region.

The deal was the third to be delayed in Hong Kong in a month, adding pressure on an up to US$1 billion listing from NW Hotel Investments. The market tumble will also put pressure on an up to $800 million real estate investment trust (REIT) listing by Overseas Union Enterprise in Singapore.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1265727/macau-legend-delays-hk-ipo-markets-tumble