Studio City American Depositary Shares increased by 4.3 million to 33 million, reducing Melco Resort’s stake from 57.3% to 54.1%.
That initial public offering (IPO) helped life the company’s stock prices and also provided a windfall for its chairman and CEO, Lawrence Ho.
Melco International has announced the submission of subsidiary Studio City’s application to be listed on the NYSE.
Studio City International Holdings Ltd has continually proposed IPO through U.S. Securities and Exchange Commission which remains a subject for approval.
Widus International is considering listing its company with the PSE as part of its efforts to expand its business in the Southeast Asian archipelago.
Universal Entertainment Corp. is planning to list Tiger Resort, Leisure, and Entertainment, Inc in a stock market in the near future to raise.
HongKong-listed casino operator Melco International is seeking a spin-off and separate listing of Studio City International Holdings Ltd. in the U.S.
Melco International Development just put up a trial balloon to gauge interest in a possible initial public offering for Studio City Macau.
Mark Blandford of Burlywood Capital explains why it is dangerous for gambling start-ups to keep IPO as their holy grail.
Silver Heritage Group Limited, will list on the ASX on 29 August 2016 following the successful completion of its AUD$25 million IPO.