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Retail investors shun Macau Legend offering
Thursday 4th of July 2013
Retail investors have shunned the initial public offering of casino hotel operator Macau Legend Development even after it slashed the size of its fund raising by more than 60 percent. Of the 205 million shares available in the public offer, only 16% were taken up. Macau Legend was forced to cut the size of its IPO amid uncertainty over China’s economic outlook.
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