$600 million closer to Hong Kong IPO 11th September 2009
Las Vegas Sands has completed a $600 million financing transaction which is a giant step to completing it's aim of an initial public offering on the Hong Kong Stock Exchange. The aim of the IPO is to raise funds to help it complete it's casino constructions on the Macau Cotai Strip and to ensure that it's balance sheet does not have a big gaping debt liability in it
The IPO will also release pressure on the company which is also expanding into various other cities all over the world. The Marina Bay Sands in Singapore is due to open later this year, and despite such difficult times, the company continues to build a structurally sound financial position once the world moves out of recession.