Graff cancels IPO

Graff cancels $1 billion IPO as markets remain weak

Following another sell-off in global equity markets, Graff Diamonds abandons its high-profile IPO one day before it is due to price.
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Not an investor’s best friend at the moment, it seems (AFP)</div>
<div style="text-align: left;"> Not an investor’s best friend at the moment, it seems (AFP)</div>

In a move that is likely to send shockwaves through the equity capital markets in Asia, Graff Diamonds early this morning decided to pull its initial public offing, making the $1 billion deal the latest — and largest — casualty of the volatile market environment.

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