MGM China IPO raises US$1.5 billion

    June 10, 2011 | BY

    clpstaff &clp articles

    MGM China Holdings (MGM China) has raised US$1.5 billion from its global shares offering and listing on the Hong Kong Stock Exchange. It also underwent…

    MGM China Holdings (MGM China) has raised US$1.5 billion from its global shares offering and listing on the Hong Kong Stock Exchange. It also underwent a reorganisation.

    The issuer is a joint venture between MGM Resorts International and casino tycoon Pansy Ho. It owns and operates MGM China. After the reorganisation has been completed, MGM Resorts International will own 51% of MGM China.

    The joint global coordinators of the IPO were JP Morgan, Morgan Stanley and Bank of America Merrill Lynch.

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