Bloomberry re-IPO raises $209 million

The Philippine casino operator Bloomberry Resorts attracts strong demand from international investors in particular, but fixes the price just above the mid-point of the range.

Bloomberry re-IPO raises $209 million
Manila Bay, soon to be home to Entertainment City

Bloomberry Resorts has raised Ps8.84 billion $209 million from its first follow-on share issue since it listed through a reverse takeover late last year, after fixing the price just above the mid-point of the range.

The Philippine company, which is set to become the first licence holder to open an integrated casino resort in Manila’s new Entertainment City gaming hub early next year, attracted strong demand from international investors in particular and sources said the...

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