Las Vegas Sands Set To Raise Up TO $3.35 Billion In Macau IPO (LVS)

Posted on: Sun, 08 Nov 2009 16:55:00 EST


Symbols: C, UBS, GS, LVS, BCS
Nov 08, 2009 (SmarTrend(R) News Watch via COMTEX) --
UBS | Quote | Chart | News | PowerRating -- 11/8/2009 - Las Vegas Sands (NYSE: LVS | Quote | Chart | News | PowerRating) is set to raise up to HK$25.95 ($3.35 billion) through an IPO of shares in its Macau business, according to a Reuters article that cited sources with direct knowledge of the matter. The company is selling 1.87 billion shares at a price ranging from HK$10.38 to HK$13.88 per share. Citigroup (NYSE: C | Quote | Chart | News | PowerRating) and Goldman Sacks (NYSE: GS | Quote | Chart | News | PowerRating) are the joint global coordinators for the offer as well as bookrunners. Other bookrunners include BNP Paribas, Barclays (NYSE: BCS | Quote | Chart | News | PowerRating), and UBS (NYSE:UBS).

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