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MGM China To Raise $1B In IPO
MGM China is seeking to raise $1 billion through a listing in Hong Kong.
MGM Chinaisseeking to raise $1 billion through a listing in Hong Kong,The Wall Street Journal报告。之间的合资企业MGM Resorts Internationaland casino mogul,Stanley Ho’s daughter plans to sell 760 million new shares in a primary offering, addsReuters.
MGM China intends to use the proceeds to repay obligations owed toGrand Paradise Macau.Bank of America Merrill Lynch,JPMorganandMorgan Stanleywill serve as joint global coordinators for the offering.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromReuters