Legend embarks on pre-IPO roadshow

The Chinese conglomerate's Hong Kong float comes as markets adjust to the MSCI's decision not to include A-shares and a flood of retail investors open accounts.

Legend Holdings, the largest shareholder of personal-computer maker Lenovo Group, formerly kicks off roadshows on June 15 ahead of its Hong Kong initial public offering.

Beijing-based Legend, an infrastructure group focused on IT, financial services and agriculture, is aiming to raise up to $2.25 billion, although the deal has been launched into a market that is still absorbing news that US index provider MSCI will delay the inclusion of A-shares on its emerging market indices. The news sent the Shanghai Stock Exchange Composite Index down 0.50% up to June 10, although it has since recovered 1.2% up to June 12.

The formal price range for Legend's...

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