Las Vegas Sands (LVS) Higher After Setting Range of Macau IPO
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Shares of Las Vegas Sands Corp. (NYSE: LVS) are higher today after the company set the range of its Macau unit IPO.
In an SEC filing today, Las Vegas Sands said it would offer 1.87 billion shares of Sands China Ltd. between $1.34 (HK$10.38) and $1.79 (HK$13.88) a share.
The offering comprises 1,270,000,000 shares to be offered by Sands China Ltd. and 600,000,000 shares to be offered by Venetian Venture Development Intermediate, an indirect subsidiary of the Company.
Shares of Las Vegas Sands are up 7.9 percent today.
In an SEC filing today, Las Vegas Sands said it would offer 1.87 billion shares of Sands China Ltd. between $1.34 (HK$10.38) and $1.79 (HK$13.88) a share.
The offering comprises 1,270,000,000 shares to be offered by Sands China Ltd. and 600,000,000 shares to be offered by Venetian Venture Development Intermediate, an indirect subsidiary of the Company.
Shares of Las Vegas Sands are up 7.9 percent today.
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