Studio City IPO: The house always wins

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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