Las Vegas Sands seeks up to $3.35 bln in HK IPO

HONG KONG, Nov 8 (Reuters) - Gaming company Las Vegas Sands (LVS.N: Quote, Profile, Research) is set to raise up to HK$25.95 billion ($3.35 billion) through an initial public offering of shares in its Macau business, according to sources with direct knowledge of the IPO.

The company is selling 1.87 billion shares at a price ranging from 10.38-13.88 HK$10.38 to HK$13.88 per share, the sources said.

The range gives an earnings price multiple of 13.5 to 16.5 times the business's 2010 projected earnings, the sources said. (Reporting by Michael Flaherty; Editing by Greg Mahlich)