Tuesday, May 22, 2012
Graff braves volatile markets with $1 billion Hong Kong IPO
HONG KONG - High-end jeweler Graff Diamonds is forging ahead with an initial public offering to raise up to $1 billion, setting a price range on Friday for its Hong Kong flotation despite a sell-off in equity markets. Photo: Graff DiamondsThe London-based jeweler, founded by billionaire Laurence Graff in 1960, set an indicative share price range at HK$25 - HK$37, according to two sources with knowledge of the plans who were not authorized to speak publicly on the matter. Graff plans to sell
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