Las Vegas Sands Corporation announced today that it is working with an investment banking firm to create a capital raising program that would include participation from the Sands’ chief executive and principle stock holder Sheldon G. Adelson and his family.
The company’s stock recently plummeted throughout the year, reaching its height at more than $135 a share last November and sinking to its current trading value of less than $8 a share.
In early October, Mr. Adelson invested $475 million of private funds in the company.