Another IPO in Hong Kong in the Works

10 July 2008

Steve Wynn, owner of United States casino and hotel company Wynn Resorts, is looking at a possible $3 billion listing on the Hong Kong Stock Exchange, reports the South China Morning Post.

Wynn Resorts, which operates casinos and hotels in Las Vegas and Macau, is already listed on the NASDAQ-100 Index. If Mr. Wynn is successful with his second listing, it will be the largest initial public offering in Hong Kong this year and the fund would go to building the Encore, Mr. Wynn's new mega resort on Macau's Cotai Strip,.

UBS, Deutsche Bank and Morgan Stanley have been appointed as advisers, according to the Post.