
Two Blue Chips to do HK IPOs
Both could raise up to US$1.8 billion.
The IPOs by Macau Legend Development Ltd and New World Development Company are the latest in a growing number of listings in Hong Kong.
Hotel-and-casino operator Macau Legend aims to raise up to US$788 million in an IPO. New World has received regulatory approval to list three of its hotel assets in a trust that could raise up to US$1 billion.