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February 12, 2012

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Sands China raises $2.5 billion in Hong Kong IPO

(via Bloomberg News) · November 21, 2009 · 11:21 AM

Sands China Ltd. and its parent Las Vegas Sands Corp., the casino company controlled by billionaire Sheldon Adelson, raised HK$19.4 billion ($2.5 billion) in a Hong Kong share sale conducted at the low end of the offered range.

A total of 1.87 billion shares were sold at HK$10.38 each, compared with the HK$10.38 to HK$13.88 range that the company had sought, according to Bloomberg data. The sale values Sands China at HK$83.4 billion ($10.8 billion), based on calculations by Bloomberg using information from the prospectus.

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