Melco Crown Entertainment (MPEL) Announces Completion of Follow-On Public Offering
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Melco Crown Entertainment Limited (Nasdaq: MPEL) announced the completion of its follow-on public offering first announced on August 11, 2009.
Furthermore, the Company announced that the underwriters of its follow-on public offering have exercised in full their over-allotment option to purchase an additional 3,883,495 ADSs from the Company. The public offering price of the ADSs was US$5.15 per ADS. As a consequence of the full exercise of the underwriters' over-allotment option, the total proceeds raised by the Company from this follow-on public offering, after deduction of underwriting discounts and commissions, but before other offering expenses, increased to US$209.55 million.
Melco Crown Entertainment Limited, through its subsidiaries, engages in the development, ownership, and operation of casino gaming and entertainment resort facilities in Macau.[SM]
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