A day after General Motors made a triumphant return to the capital markets, the world’s largest gaming company pulled its planned $500 million initial public offering, citing difficult market conditions.
The IPO by GM, reported to be among the largest in history, netted $6.5 million in fees for its counsel at Jenner & Block, as reported by The Am Law Daily. But O’Melveny & Myers, which was tapped by Las Vegas-based Harrah’s for its planned IPO, will have to wait for its payday. (O’Melveny corporate partner Monica Thurmond, who is listed on an SEC prospectus as advising Harrah’s, did not immediately respond to a request for comment.)
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