MGM China IPO

MGM China raises $1.5 billion ahead of Hong Kong listing

Macau's smallest casino operator prices its offering at the top of the range, while Nobao calls off its second US IPO attempt and Kazakhmys decides not to issue any new shares in its upcoming Hong Kong listing.
<div style="border-width: 0px; text-align: right; padding: 0px; font-size: 7pt; color: rgb(119, 119, 119);"> Photo: AFP</div>
<div style="border-width: 0px; text-align: right; padding: 0px; font-size: 7pt; color: rgb(119, 119, 119);"> Photo: AFP</div>
May 30, 2011

MGM China, which is one of six casino operators in Macau, will raise HK$11.7 billion ($1.5 billion) from its initial public offering in Hong Kong after fixing the price at the top of the range.

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