initial public offerings (IPOs) trading on American exchanges

Tuesday, May 10, 2016

MGM Growth Properties (MGP) began trading on the NYSE on 20 Apr 2016

MGM Growth Properties (MGP), a spin-off from MGM Resorts (MGM), which will now take ownership of nine Las Vegas resorts and three others outside of Las Vegas. Specifically, its 50 million share IPO priced at the high end of expectations at $21 and opened for trading at $22.75, good for an 8% pop.


MGM Growth Properties LLC is a real estate investment trust. The Company is a subsidiary of MGM Resorts International, a holding company, which through its subsidiaries, owns and operates casino resorts. The Company is engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. The Company's properties include approximately 24,466 hotel rooms and approximately 2.5 million convention square footage. Its properties feature over 100 retail outlets, over 200 food and beverage outlets, and approximately 20 entertainment venues.


3950 Las Vegas Blvd S
LAS VEGAS, NV 89119-1005
United States

No comments:

Post a Comment