Friday, June 1, 2012
Jeweller Graff postpones $1 billion Hong Kong IPO
HONG KONG - High-end London-based jeweller Graff Diamonds said Thursday it has decided to delay its $1.0 billion initial public offering in Hong Kong next month due to "adverse market conditions". The Graff Diamonds boutique in Taipei / Photo: Graff DiamondsThe share sale, which would have been one of the biggest IPOs this year, is the latest deal to be pulled in the Asian financial hub in recent weeks amid concerns over the eurozone crisis which has hurt market sentiment."Graff Diamonds
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