U.S gaming giant Harrah’s Entertainment Inc. has announced that the company has pulled its planned US$500m flotation on Nasdaq, after a lack of interest from investors willing to pay between $15 and $17 per share.
In a statement to the U.S Securities and Exchange Commission Friday, Harrah’s said that it is not pursuing its initial public offering (IPO) of common stock at this time "due to market conditions".
Harrah’s had hoped to bring in estimated proceeds of [...]
