September 30, 2009 / 4:05 AM / 8 years ago

Wynn Macau IPO prices at top of range - sources

HONG KONG, Sept 30 (Reuters) - Las Vegas casino company Wynn Resorts (WYNN.O) priced its Asian IPO at the top of its indicated range, a sign that demand is still strong for certain offerings despite a glut of stock deals in and around Hong Kong.

    Wynn Macau sold 1.5 billion shares Hong Kong-listed shares at HK$10.08 each to raise $1.63 billion, according to sources, who had direct knowledge of the deal but were not authorised to speak publicly about it.

    The IPO’s range was HK$8.52-HK$10.08, with Wynn selling 25 percent of the business to the public -- up from earlier plans to sell 20 percent. (Reporting by Michael Flaherty; Editing by Lincoln Feast)

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below