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News Watch
- 9/30/2009 12:48:44 PM
By Chip Brian, SmarTrend Analytics Team
9/30/2009 - Wynn Resorts' (NASDAQ:WYNN) Asian IPO, Wynn Macau, priced at the top of its range, raising $1.63 billion and indicating that demand remains strong for some offerings, according to a Reuters report. The company sold 1.25 billion shares at HK$10.08 each, according to Reuters' sources with direct knowledge of the deal. The indicated range was HK$8.52-HK$10.08, with Wynn selling 25% to the public. Shares of Wynn are down 3% in midday U.S. trading.
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