recent bookmarks

Twitter
Claire McCaskill (@clairecmc)
RT @McCaskill4MO: In one of her last events of the campaign, @ClaireCMC joins around 20 #VetsForClaire from across MO to personally thank t…
US  Senators  Twitter 
10 days ago by AlexanderERyzhov
Lawrence Ho pockets huge payday from Studio City IPO - CalvinAyre.com
Last month, Melco International Development Ltd. listed its Studio City casino resort in Macau on the New York Stock Exchange (NYSE). That initial public offering (IPO) helped life the company’s stock prices and also provided a windfall for its chairman and CEO, Lawrence Ho. Ho raked in $2.9 million in cash as a direct result of the listing.

When Studio City launched its IPO, it put up 28.75 million American depositary shares. Each was worth the same as four ordinary shares and had a value of $12.50. Share prices increased by 48% after the debut and settled at a 24% increase by the end of the trading day. The IPO helped the company raise $359.4 million in gross profits.

The success of the IPO, according to a filing with the Hong Kong Stock Exchange last Friday, will result in the company being able to distribute $5.4 million, which will occur at the end of the year. In accordance with the filing, Ho and his associates are entitled to 53.6% of the payout, which they will receive through a cash withdrawal.

Prior to the NYSE listing, Melco stated that it would distribute 1.5% of its share of the gross proceeds and subscribe to ordinary shares worth a total of 200,094 American depositary shares. The distribution was to take place at the final offer price as a way to ensure shareholders would receive depositary shares.

Melco, through MCE Cotai Investments, holds 60% of Studio City International, operator of the Studio City casino resort. The other 40% is controlled by New Cotai Holdings, LLC, which is operated by Silver Point Capital and Oaktree Capital Management. New Cotai was allocated 10.22 million American depositary shares and MCE was allocated 15.33 million of the shares. MCE also holds 108.66 million Class A shares. Both give the company a voting interest of 57.3% in the publicly listed Studio City.

The IPO was expected to bring in $342.8 million in net profit. According to a previous release from the company, the money would be used “to acquire newly-issued MSC Cotai shares. In turn, MSC Cotai intends to apply the net proceeds it receives from us for repayment of certain of our existing indebtedness.”

The post Lawrence Ho pockets huge payday from Studio City IPO appeared first on CalvinAyre.com.

via CalvinAyre.com https://calvinayre.com
LECTURAS  FEEDLY  SPORTalk 
10 days ago by leconeyc
Twitter
The Jack Reacher novels are goofy, compulsive fun, and I love reading critical takes on them.

"Every Reacher book…
from twitter
10 days ago by scarequotes
Twitter
Ohhh, Twitter, we have a scene where he calls her a "little idiot". I feel like this is basically the same thing. C…
from twitter
10 days ago by angelajames
Twitter
RT : Please don’t offer extra credit in your course that students are not able to get if they are not US citizens, if th…
from twitter_favs
10 days ago by taurean
Twitter
RT : If anyone is doing this please don’t. It’s discriminatory.
from twitter_favs
10 days ago by taurean
Twitter
Inevitably any political discussion between me and circles around to SFF and college football.
from twitter_favs
10 days ago by scottpierce
The Twelve-Factor App
Really good way of thinking about large-scale app deployment.
architecture  development  devops  best-practices  12factor 
10 days ago by traggett
Twitter
RT : I just found out the place I work is closing down and I'm not gonna have a job in 2 weeks, so I'm opening music com…
from twitter
10 days ago by locks
Improving Ourselves to Death
Self-help advice reflects the beliefs and priorities of the era that spawned it. Illustration by Nishant Choksi Audio: Listen to this story. To hear more…
from instapaper
10 days ago by xincent
What’s the Difference Between Green Ripe Olives and Black Ripe Olives? | SimplyRecipes.com
This post is produced in partnership with the California Olive Committee . Ok, take a minute right now to sit back in your chair and imagine eating an olive.…
from instapaper
10 days ago by johnrclark
Twitter
Latinx voters could play a decisive role in more than two dozen House races around the country on :…
ElectionDay  from twitter_favs
10 days ago by KateSherrill
www.washingtonpost.com
via Washington Post: Breaking News, World, US, DC News & Analysis https://wapo.st/2FHX347
NEWS 
10 days ago by aebraddy
www.washingtonpost.com
via Washington Post: Breaking News, World, US, DC News & Analysis https://wapo.st/2FHX347
NEWS 
10 days ago by aebraddy
Twitter
To all of you working tirelessly for a more just and empathetic America... To you who are comforting the frightened…
from twitter_favs
10 days ago by mikeschinkel
Fisher Bullet Space Pen
Write-anywhere minimalism I like to have a few essential tools with me at all times: my Swiss Army knife, a keychain LED flashlight, a pocket notebook and a pen…
from instapaper
10 days ago by johnrclark
Twitter
To all of you working tirelessly for a more just and empathetic America... To you who are comforting the frightened…
from twitter_favs
10 days ago by sogrady
The Art of Film Grain
Like Instagram filters and vinyl records, the use of film grain in movies is now a conscious choice on the part of media creators and consumers. via Pocket
10 days ago by robmcmyers
Fog Count
It’s early morning and I’m hunting for quarters. Downtown Fayetteville is quiet and full of stately stone buildings: mining money, probably. We’re in the heart of coal country. The corner diner isn’t open yet. The “Only Creole Restaurant in West Virginia” isn’t open yet. via Pocket
10 days ago by robmcmyers
Twitter
Where is:
Nikki Haley
Sarah Sanders
Mia Love
Condoleezza Rice
Joni Ernst
Ivanka Trump
Elaine Chao
Kellyanne Conw…
from twitter_favs
10 days ago by saxwell
Twitter
I was told something similar when I asked a pediatrician the same question. He said I sounde…
from twitter_favs
10 days ago by transposition
Cleaning up your Event code in Craft CMS
Doug St. John Categorized as: Craft CMS Tagged in: refactor , events , hooks , patterns , invokable Event Basics Craft CMS allows you to do a lot of…
from instapaper
10 days ago by elivz
Twitter
Here is a picture of my beast when he was younger. May his joy warm your journey. 🍸
from twitter_favs
10 days ago by andriak
Twitter
I know we all see a lot of 'cute' / 'interesting' tweets that seem like they're one and done, but I went into the l…
from twitter_favs
10 days ago by dpwolf
Twitter
Trade meme markets using and 0x? partyparrot.jpg
from twitter_favs
10 days ago by kartik
« earlier      later »

Copy this bookmark:



description:


tags:



Copy this bookmark:



description:


tags: