Macau Legend postpones $607 million IPO as markets remain challenging

The hotel and casino operator may return with a reduced offering this week. Meanwhile, SPH Reit and NW Hotel Investments both decide not to go ahead with their roadshows at this time.
<div style="text-align: left;"> Fisherman's Wharf: Macau Legend needs funding to redevelop the area </div>
<div style="text-align: left;"> Fisherman's Wharf: Macau Legend needs funding to redevelop the area </div>
June 24, 2013

Hotel and casino operator Macau Legend Development on Friday postponed its initial public offering of at least HK$4.71 billion ($607 million) after failing to attract sufficient demand by the time the order books closed at 8am Hong Kong time that morning.

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