Expected IPO Price Is Raised by Sands
Las Vegas Sands Corp., which owns Nevada’s Venetian Casino Resort, raised the expected price of its proposed initial public offering to $24 to $26 per share from $20 to $22 each.
Under the terms disclosed in a government filing, the company could raise as much as $619 million, up 18% from the previous terms announced last month.
From Reuters
* Shareholders of Mandalay Resort Group approved a merger with MGM Mirage Inc. that would create one of the world’s largest casino companies. The transaction is subject to state and federal regulatory approval.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
