MGM China IPO nets $1.4 bil (Investor's Business Daily)

SBN CEO

Administrator
Staff member
Investor's Business Daily - A joint venture between MGM Resorts Int'l and Pansy Ho, daughter of Chinese gambling tycoon Stanley Ho, raised the funds in an initial public offering on Hong Kong's stock exchange. MGM China Holdings' IPO priced at the top end of its range of $1.59-$1.97. As part of the IPO, MGM China became owner of MGM Grand Paradise SA, the Macau company that owns the MGM Grand Macau resort and casino, the world's top gambling destination. MGM fell 4% to 14.19.

More...
 
Top