Sands China aims for $3.8bn IPO | FT Alphaville

Sands China aims for $3.8bn IPO

Sands China, the Macau unit of Las Vegas Sands, intends to raise up to US $3.83bn in its planned Hong Kong IPO, to repay borrowings and resume construction on hotels and gaming facilities at Macau’s Cotai Strip, reports the WSJ. The offering, if successful, would be the second-largest in Hong Kong this year, ranking below an offering by China Minsheng Bank, which hopes to raise $4.68bn. Order-taking for both offerings begins Monday and Sands will list on Nov 30.