Harrah’s Entertainment, the world’s largest casino operator, said it is no longer “pursuing its initial public offering of common stock at this time due to market conditions.”
The casino giant, which had been planning a $532 million IPO, according to The Wall Street Journal, surprised Wall Street when it didn’t price the IPO Thursday night as expected. Just two weeks ago, Harrah’s said it planned…
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Harrah’s ‘Not Pursuing’ IPO Due to Market Conditions originally appeared on DailyFinance on Fri, 19 Nov 2010 07:18:00.
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