HONG KONG, Nov 8 (Reuters) - Gaming company Las Vegas Sands is set to raise up to HK$25.95 billion ($3.35 billion) through an initial public offering of shares in its Macau business, according to sources with direct knowledge of the IPO.
The company is selling 1.87 billion shares at a price ranging from 10.38-13.88 HK$10.38 to HK$13.88 per share, the sources said.
The range gives an earnings price multiple of 13.5 to 16.5 times the business's 2010 projected earnings, the sources said.
(Reporting by Michael Flaherty; Editing by Greg Mahlich) . Keywords: SANDS IPO/ (michael.flaherty@reuters.com; +852 2843 6540; If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The company is selling 1.87 billion shares at a price ranging from 10.38-13.88 HK$10.38 to HK$13.88 per share, the sources said.
The range gives an earnings price multiple of 13.5 to 16.5 times the business's 2010 projected earnings, the sources said.
(Reporting by Michael Flaherty; Editing by Greg Mahlich) . Keywords: SANDS IPO/ (michael.flaherty@reuters.com; +852 2843 6540; If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.