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Melco's Studio City raises $359M in US IPO

Melco International Development Ltd's casino resort operator Studio City International Holdings Ltd. raised $359 million in a U.S. IPO, business website China Money Network reported Oct. 18.

The Macau-based firm sold 28.75 million American depository shares at $12.50 apiece.

The IPO was led by Deutsche Bank AG, Credit Suisse Group AG and Morgan Stanley.