Wynn Macau IPO prices at top of range - sources

mercoledì 30 settembre 2009 06:02

HONG KONG, Sept 30 (Reuters) - Las Vegas casino company Wynn Resorts (WYNN.O: Quotazione) priced its Asian IPO at the top of its indicated range, a sign that demand is still strong for certain offerings despite a glut of stock deals in and around Hong Kong.

Wynn Macau sold 1.5 billion shares Hong Kong-listed shares at HK$10.08 each to raise $1.63 billion, according to sources, who had direct knowledge of the deal but were not authorised to speak publicly about it.

The IPO's range was HK$8.52-HK$10.08, with Wynn selling 25 percent of the business to the public -- up from earlier plans to sell 20 percent. (Reporting by Michael Flaherty; Editing by Lincoln Feast)