Melco Resorts and Entertainment’s Studio City announced yesterday that Studio City International Holdings (SCIH) has submitted on a confidential basis to the US Securities and Exchange Commission (SEC) a draft registration statement for a possible initial public offering (IPO) of American Depositary Shares (ADSs) representing ordinary shares of SCIH.
According to the announcement, the number and US dollar amount of ADSs proposed to be offered and sold have not yet been determined.
The announcement said that the proposed IPO was expected to commence as market conditions permit and also was subject to SCIH publicly filing with the SEC a registration statement in compliance with the US Securities Act of 1933, as amended, and the SEC declaring such registration statement effective.
