Casino owner Macau Legend prices reduced HK IPO near bottom-source

Newswire

HONG KONG, July 2 (Reuters) - Casino owner Macau Legend Development Ltd priced its Hong Kong initial public offering near the bottom of expectations, after slashing the deal by more than half to cope with reduced appetite for new listings in the city, a source with direct knowledge of the IPO said on Tuesday. The company, which owns the Macau Fisherman's Wharf development, offered 934.83 million new shares that were priced at HK$2.35 each, putting the deal's value at HK$2.2 ...

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