In a deal that could provide the structure for more US-based companies to list in Hong Kong, Wynn Resorts has successfully completed an initial public offering for its subsidiary Wynn Macau thanks to flexible disclosure requirements.
Wynn Macau’s $1.87 million offering was the first by a US-based company on the main board. With the Hong Kong exchange keen to reinforce its market appeal, those involved in the Wynn deal expect more US offerings will be encouraged:
“The Hong Kong exchange is keen to attract quality overseas issuers,” said Dominic...