Jacob Kepler/Bloomberg NewsHarrah’s Casino in Las Vegas, Nevada. Harrah’s Entertainment, the casino operator, said Friday that it had decided to cancel its initial public offering because of “market conditions” just a day after General Motors went public without much of a pop. The company, based in Las Vegas, priced the offering this month at $15 [...]
The London Stock Exchange said on Thursday that pretax profit for the first half had risen 26 percent, lifted by savings in operations and an uptick in initial public offerings, with the prospect of more to come. For the six months ended Sept. 30, profit before taxes rose to £100.2 million ($160 million) from £79.4 [...]
General Motors is the not the only I.P.O. this week. Booz Allen Hamilton Holding, the government consulting firm owned by the Carlyle Group, raised about $238 million, selling 14 million shares for $17 each, Reuters reports. The pricing was expected to range from $17 to $19. Carlyle acquired Booz Allen Hamilton, as the consulting firm [...]
As seemingly everyone in the business world counts down to the pricing of General Motors’ highly anticipated initial public offering, it is worth placing the stock sale in context. Namely: Where does it stand in the pantheon of mega-I.P.O.’s? Many media outlets, including this one, place the maximum capital to be raised at about $22.6 [...]
Jeff Don Emmert/Agence France-Presse — Getty Images 8:40 p.m. | Updated As General Motors’ keenly anticipated initial public offering draws near, it is on the cusp of a new distinction: the largest stock debut in United States history. The company is expected to raise the number of common shares it will sell in the offering [...]
Harrah’s Entertainment, the world’s biggest casino operator, has set the expected price range for its planned initial public stock offering and announced that it would be changing its name to the Caesars Entertainment Corporation. The company, which is owned by TPG Capital and Apollo Global Management, plans to sell 31.25 million shares at $15 to [...]
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