Studio City International Holdings, a Macau-based entertainment resort and casino being spun out of Melco Resorts, raised $359 million by offering 28.75 million ADSs at $12.50, the high end of the $10.50 to $12.50 range. Insiders had indicated on buying the majority of the deal.
Studio City plans to list on the NYSE under the symbol MSC. Deutsche Bank, Credit Suisse and Morgan Stanley acted as lead managers on the deal.
