International edition
June 23, 2021

Its initial public offering is expected to be cut to us $ 802 million

MGM China expected to trim Hong Kong IPO size by 20 %

(Hong Kong).- MGM China, the venture between MGM Resorts International and casino mogul Stanley Ho's daughter Pansy Ho, has had a listing hearing in Hong Kong, but the size of the offering is likely to be trimmed by %, Apple Daily reported this week.

M

GM China's initial public offering is expected to be cut to us $ 802 million, from its original target of raising about HK$7.8 billion, because of uncertain market conditions, the newspaper said, citing market sources.
MGM China kicks off its marketing campaign this week after it passed through a listing hearing in Hong Kong, with the IPO expected to begin on May 23 and a trading debut in early June, the newspaper said. It gave no further listing details.

MGM Resorts International announced in April a plan for the initial public offering of its Macau casino joint venture in which the company would be the majority owner.

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