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Graff Diamonds pulls its Hong Kong IPO due to "adverse market conditions" after filling just...

Graff Diamonds pulls its Hong Kong IPO due to "adverse market conditions" after filling just half of its hoped-for $1B order book. The move follows the nixing of two other HK IPOs this week - a Chinese mining company and a Chinese auto dealer. Additionally, Formula One is making noises about putting off its June IPO in Singapore. "Market conditions are atrocious," says a dealmaker.
Comments (1)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    I thought sure FB was going to do the same thing in late April/early May. Greed cashed out, stupid investors transferred their wealth.
    30 May 2012, 05:17 PM Reply Like
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