Graff Diamonds kicks off $1 billion IPO in lacklustre market
Graff Diamonds is looking to sell about 30% of its share capital at 18 to 24 times this year's earnings.
May 20, 2012
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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