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Macau casino operator Studio City prices IPO at high end of range

Thursday, 18 October 2018 08:45 administrator

Macau casino operator Studio City prices IPO at high end of range

Studio City International Holdings MSC, +38.00% a Macau-based casino being spun out of Melco Resorts, priced its initial public offering at $12.50 per ADS late Wednesday, according to Renaissance Capital, a provider of institutional research and IPO-themed ETFs. That was the high end of its $10.50 to $12.50 range, said Renaissance. Studio City offered 28.75 million ADS to raise $359 million. The company's shares will start trading on Nasdaq later Thursday under the ticker symbol "MSC". Deutsche Bank, Credit Suisse and Morgan Stanley were lead underwriters on the deal.

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