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MGM China To Raise $1.5B In IPO
MGM China Holdings is planning to raise $1.5 billion in an initial public offering.
MGM China Holdingsis planning to raise $1.5 billion in an initial public offering (IPO),The Wall Street Journalreports. The Casino operator aims to sell a total of 760 million shares at $1.59-1.97 per unit.
The joint venture betweenMGM Resorts InternationalandPansy Ho, daughter of Macau gambling tycoonStanley Ho, will list its offering on the Hong Kong stock exchange on Jun 3, 2011.摩根大通(JP Morgan Chase),Bank of America Merrill LynchandMorgan Stanleyare the joint sponsors for the offering.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromBloomberg.