CORRECTED - CORRECTED-UPDATE 3-Australia retailer Myer's shares slide on deb

(Corrects bullet point and first paragraph to show that share slide was more than 9 pct)

* Shares lose more than 9 pct, broader market down 2.1 pct

* Global market sell-off dampens debut

* Seen as negative sign for other pending IPOs (Adds fund manager comment, updates prices)

By Victoria Thieberger

MELBOURNE, Nov. 2 (Reuters) - Shares in department store chain Myer Holdings Ltd tumbled more than 9 percent on their debut in a $2 billion float, Australia's biggest in two years, a disappointing signal for other retailers with IPOs waiting in the wings.

Myer (MYR.AX) shares fell from the offer price of A$4.10, itself near the bottom of the initial offer range, and fund managers said other private equity firms waiting to exit retail companies would have to price their offerings carefully.

"It might put a bit of pressure on the valuation band, and pricing that is expected or achieved, for investors to be persuaded," said Karara Capital investment manager Akshay Chopra.

"It tells you the interest was a bit soggy to begin with, and I'm not sure how much difference it would have made even if the (broader) market was up today," Chopra said.

Myer shares opened at A$3.88 and touched a low of A$3.70 before closing at A$3.75, compared with a 2.2 percent fall in Australia's benchmark index .AXJO. Shares in Myer's main rival, upmarket department store chain David Jones Ltd (DJS.AX), fell 2.0 percent to A$5.25.

Myer's price had already been pushed to the bottom end of an indicative range by market turbulence over the past week and fund managers' disdain for what was seen by some as a rich valuation [ID:nSYD224022].

About 50 percent of the Myer offering was allocated to retail investors. It was the most actively traded stock on Monday, with around 126 million shares changing hands.

Myer's float was widely seen as a test for a rush of private equity firms wanting to exit their holdings in coming months.[ID:nSYD546565]

Camping and outdoor clothing chain Kathmandu has launched a A$374.9 million IPO, due to start trading on Nov.18, and Ascendia, owner of the Rebel Sports sporting goods chain, aims to launch in the new year.[ID:nWEL275005] [ID:nSYD516949]

RESULTS, PLEASE

Retailers are cautiously optimistic about sales for the crucial Christmas season. Confidence levels have not been dented by the recent rise in official interest rates, and the Australian government on Monday slashed its forecasts for unemployment [ID:nSYD339611], which should help underpin consumer sentiment and spending.