Graff Diamonds IPO

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.
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Just a few of the diamonds from Graff's $667 million jewel inventory
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<div style="text-align: left;"> Just a few of the diamonds from Graff's $667 million jewel inventory </div>

Despite challenging market conditions that have seen the Hang Seng Index lose 11% during the past two-and-a-half weeks, Graff Diamonds will start the institutional bookbuilding for its $1 billion Hong Kong initial public offering today.

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