International edition
September 26, 2021

Next month

MGM closer to Hong Kong IPO

(Macau).- MGM Macau is targeting to launch its Hong Kong initial public offering next month, the Wall Street Journal reported, quoting a person familiar with the situation.

M

GM Macau is a joint venture between MGM International Resorts and businesswoman Pansy Ho Chiu King.

The new schedule comes after the March settlement of the family brawl for the control of Stanley Ho Hung Sun’s gaming and business empire.

One of the people involved in the feud was Pansy Ho, who even saw a lawsuit filed against her by her father, Stanley Ho. The lawsuit was eventually dropped.

According to several analysts, MGM Macau’s IPO could have been negatively impacted if done without the Ho family brawl being solved first.

MGM Macau’s IPO will be conducted through a vehicle company registered in the Cayman Islands, MGM China Holdings. The company is hoping to raise around US$ 1 billion (MOP8 billion).

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