Sands China raises $2.5 billion after pricing IPO at bottom

Price sensitivity keeps the price down, but the offering still comes at a slight premium to Wynn Macau after the latter falls below its IPO price.

Sands China, the Macau casino business owned by Las Vegas Sands LVS, has priced its initial public offering at the bottom of the price range for a total deal size of HK$19.41 billion $2.5 billion. The pricing came on the back of a week during which rival casino operator Wynn Macau, which listed in Hong Kong in early October, traded steadily lower, but despite that, sources said the Sands China order book built well and was covered...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...