trending Market Intelligence /marketintelligence/en/news-insights/trending/rbhtp6uonrkoaxh9tmfriq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Melco's Studio City details terms of planned IPO

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Credit Analytics Case Study Poundworld Retail Ltd

Melco's Studio City details terms of planned IPO

Melco International Development Ltd.'s casino resort operator Studio City International Holdings Ltd. on Oct. 10 detailed the terms of its planned U.S. IPO.

Studio City intends to offer 28,750,000 American depositary shares, with each ADS representing four class A ordinary shares. The estimated price range is between $10.50 and $12.50 per ADS.

The Melco unit is also granting underwriters a 30-day option to purchase up to an additional 4,312,500 ADSs.

Studio City, which runs a cinematic-themed resort of the same name in Macau, noted that it filed a registration statement for the offering with the SEC, but it has not yet become effective. Its ADSs may not be sold nor purchase offers accepted until then.

The company has applied to list its ADSs on the New York Stock Exchange under the ticker symbol MSC, according to the SEC document filed Sept. 7.

Studio City expects to use net proceeds from the IPO to acquire newly issued shares of its subsidiary MSC Cotai Ltd., which in turn plans to put those net proceeds toward paying down debt, among other purposes.

Melco Resorts & Entertainment Ltd., a Nasdaq-listed unit of Hong Kong's Melco International, owns 60% of Studio City and is expected to remain the majority shareholder following the offering.

Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. International PLC are are acting as joint book runners of the offering and also as representatives of the underwriters.