WASHINGTON (dpa-AFX) - MGM Resorts International (MGM) announced the pricing of the initial public offering of 50 million class A common shares representing limited liability company interests by its subsidiary MGM Growth Properties LLC at a public offering price of $21.00 per share for gross proceeds of $1.05 billion.
The class A shares are expected to begin trading on the New York Stock Exchange on April 20, 2016 under the ticker symbol, MGP. The closing of the offering is expected to occur on April 25, 2016.
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