Property opened in 2015
Macau’s Studio City seeks IPO
The Hollywood-themed casino resort in Macau is planning an IPO in the U.S., the company announced in an official statement this week.
2017-08-16
Reading time 29 seg
The Hollywood-themed casino resort in Macau is planning an IPO in the U.S., the company announced in an official statement this week.
The company’s own numbers were not disclosed. Studio City International Holdings said that it had filed to the US Securities and Exchange Commission a draft registration statement for a public offering of American Depositary Shares. Studio City’s financial performance, along with the volume of shares to be sold, and the amount of new capital raised were kept private.
““The NASDAQ-listed Melco Resorts & Entertainment is the developer behind Studio City.
”
Billionaire media owner James Packer and Lawrence Ho, son of gambling mogul Stanley Ho, are major stakeholders of Melco. Packer sold his shares in Studio City in May.
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