MGM China’s Shares Advance on First Day of Trading in Hong Kong

MGM China Holdings Ltd., the Macau venture between Pansy Ho and the biggest casino operator on the Las Vegas Strip, rose on its first trading day in Hong Kong after raising $1.5 billion in an initial public offering.

MGM China gained as much as 6 percent to HK$16.26 in early Hong Kong trading after selling stock to investors in the IPO for HK$15.34, the maximum it had sought.

To contact the reporter on this story: Robert Fenner in Melbourne at rfenner@bloomberg.net

To contact the editor responsible for this story: Frank Longid at flongid@bloomberg.net

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