VICI Properties, a newly-formed triple-net REIT that leases properties to Caesars Entertainment, raised $1.2 billion by offering an upsized 60.5 million shares at $20, the midpoint of the $19 to $21 range. The company originally planned to raise $1 billion by offering 50 million shares at the same range. At pricing, VICI commands a market value of $7.2 billion.
VICI Properties plans to list on the NYSE under the symbol VICI. Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, Barclays, Citi and Deutsche Bank acted as lead managers on the deal.
