HONG KONG, July 21 (Reuters) – Wynn Resorts will likely join Las Vegas Sands by listing its Macau gaming business on the Hong Kong bourse, raising up to US$2 billion, the Hong Kong Economic Times said on Tuesday, citing market sources.
Wynn has submitted an application to the Hong Kong Exchange and a hearing is expected to be held within three months, with the listing seen taking place in the fourth quarter, the newspaper said but gave no further details.
Wynn has appointed JPMorgan, UBS and Morgan Stanley as sponsors of the share sale, which aims to raise US$1-2 billion, market sources said.
Las Vegas Sands has appointed Goldman Sachs to handle its listing, which aims to raise at least US$2 billion, sources added.
Shares of Las Vegas Sands surged nearly 15 percent on Monday on optimism an initial public offering of its Macau assets would take place in Hong Kong as early as next month.
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