Bloomberry Resorts raises $126m from top-up

The owner and operator of Solaire Resort & Casino sold shares at the bottom of the initial range.

Bloomberry Resorts raises $126m from top-up

Bloomberry Resorts Corp, the Philippine leisure and entertainment group, raised $126 million from an accelerated top-up placement on Monday night.

The owner and operator of Solaire Resort Casino, sold 345 million shares at P13 per unit, an 8.3% discount to the November 10 closing price under the leads of CLSA and UBS.

It initially sought to sell 346 million shares between P13 to P13.30 per share, representing a 6.2% to 8.3%...

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