MGM China, the venture between MGM Resorts International and casino mogul Stanley Ho's daughter Pansy Ho, priced its initial public offering at HK$15.34 a share, the top of its indicative range, two sources with direct knowledge of the deal told Reuters on Friday.
The company sold 760 million shares, raising HK$11.66 billion ($1.5 billion), according to one of the sources. The company had previously set an indicative range for the IPO of HK$12.36 to $HK$15.34 a share.
The sources declined to be identified because the information was not yet public.