March 5, 2021
American real estate investment trust Vici Properties Incorporated has announced that it is hoping to raise up to $2 billion in cash via the launch of a public offering involving 60 million common shares individually priced at $29.
Spun off from Caesars Entertainment Corporation in 2017, the New York-listed enterprise used an official Wednesday press release to detail that this exercise will see financial services firms Citigroup Incorporated, Morgan Stanley, Deutsche Bank Securities Incorporated and BofA Securities Incorporated serve as agents for the new shares. It explained that these enterprises are to subsequently be put in charge of selling the interests to institutional investors while simultaneously being given a 30-day option on a further nine million identically-priced stakes.