Studio City IPO: The house always wins

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By John Loh
18 Oct 2018

Studio City International Holdings priced its debut on the New York Stock Exchange (NYSE) at the top of its marketing range on Thursday, raising $359.4m.

The Macau casino resort operator sold 28.75m primary American Depositary Shares (ADS) after pitching them at $10.50-$12.50 apiece.

The flotation was heavily anchored by its shareholders from the start. MCE Cotai, a unit of Nasdaq-listed Melco Resorts that owns 60% of Studio City, and affiliates of ...

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