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)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India during the Reuters India Investment Summit in Mumbai and Bangalore. Full Coverage | Blog
PLAYBOY SALE
An icon bows to changing times
With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech. Full Article
India
US
UK
