Stanley Ho Pushes Ahead with Macao Gaming IPO

Macau's largest casino operator has finally overcome the legal hurdles to launch an offering of up to $654 million

Sociedade de Jogos de Macau (SJM), the largest casino operator in Macau, started bookbuilding yesterday for an IPO that aims to bring in between HK$3.85 billion and HK$5.1 billion ($494 million and $654 million). If the deal is completed, it will be the third largest IPO in Hong Kong this year after China Railway Construction Corporation and Want Want China Holdings.

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