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Red Rock Resorts prices IPO at $19.50 midpoint

April 26, 2016

Red Rock Resorts, which operates 21 regional casino properties primarily in Las Vegas, raised $531 million by offering 27.3 million shares at $19.50, the midpoint of the range of $18 to $21. Red Rock Resorts plans to list on the Nasdaq under the symbol RRR. Deutsche Bank, J.P. Morgan, BofA Merrill Lynch, Goldman Sachs, Wells Fargo Securities, Citi and Macquarie Capital acted as lead managers on the deal.