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November 22, 2009 7:43:48 PM EST

Hong Kong News

Sands China, Las Vegas Sands Raised HK$19.4 Billion In IPO (LVS)

Nov 22, 2009 (SmarTrend(R) News Watch via COMTEX News Network) --

11/22/2009 - Sands China Ltd. and its parent Las Vegas Sands Corp. (NYSE:LVS) raised HK$19.4 billion ($2.5 billion) in a Hong Kong IPO conducted at the bottom of the marketed range, according to a Bloomberg report. The casino operator sold 1.87 billion shares at HK$10.38, which was the lowest of a HK$10.38 to HK$13.88 price range, based on Bloomberg calculations. The proceeds of the offering will help Sands China resume construction of a 13.3 million square food casino-resort.

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