27-04-2016 01:39 via news.yahoo.com

Red Rock Resorts raises $531.4 million in IPO - source

By Lauren Hirsch (Reuters) - Red Rock Resorts Inc raised $531.4 million in its initial public offering on Tuesday, as the U.S. stock market becomes more welcoming for new flotations following months of volatility that grounded several IPO hopefuls. Red Rock is the sixth company to go public in the United States in April, after three months of only small biotechnology IPOs. Market jitters and poor post-IPO share performances had scared investors away from buying into any sizable offerings. Red Ro
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