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Red Rock Resorts prices IPO at midpoint of range

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Red Rock Resorts prices IPO at midpoint of range

Red RockResorts Inc. priced its IPOof 27,250,000 shares of class A common stock at $19.50 apiece.

The offering comprises 27,054,686 shares to be sold by thecompany and 195,314 shares to be sold by certain of its stockholders. Theunderwriters have been granted a 30-day option to buy up to 4,087,500additional shares at the IPO price, less underwriting discounts and commissions.

The offering, pending satisfaction of customary closingconditions, is anticipated to close May 2.

Red Rock expects its shares to start trading on the NasdaqStock Market under the ticker RRR April 27. The company, formerlyknown as Station Casinos, operates 19 local casinos in Las Vegas.

Deutsche Bank Securities, J.P. Morgan, BofA Merrill Lynchand Goldman Sachs & Co. are acting as joint lead book-running managers forthe offering, with Wells Fargo Securities, Citigroup and Macquarie Capitalserving as book-running managers.

Fifth Third Securities and Credit Suisse are acting assenior co-managers, while UBS Investment Bank, Stifel, Raine Securities,Oppenheimer & Co., Guggenheim Securities and Ramirez & Co. Inc. areserving as co-managers.