Travellers set to raise $411 million from IPO

The Philippine casino operator fixes the price above the mid-point, while Robinsons Retail starts the bookbuilding for a $706 million offering.
Casino operator Travellers is a 50-50 joint venture between the Alliance Global Group of the Philippines and Genting Hong Kong.
Casino operator Travellers is a 50-50 joint venture between the Alliance Global Group of the Philippines and Genting Hong Kong.

Philippine casino operator Travellers International Hotel Group looks set to raise Ps17.74 billion ($411 million) from its initial public offering after sources said it had fixed the price just above the mid-point at Ps11.28 per share.

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