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Old 04-26-2002, 10:17 AM
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Default Wynn going public

Saw an article today that Steve Wynn is going to go public in his financing for Le Reve and his Macau property (if it gets approved). Does anyone know the best source for learning when this IPO will happen? See article linked below.


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Old 04-26-2002, 09:59 PM
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Default Re: Wynn going public

Forget it, pinpointing a day an IPO goes out is impossible. Remember IPO's are meant to maximize the funding for a company so managers decide when they think the public will bite the most and then move then. You can file and be prepared and then wait years saying "market conditions aren't right" and postpone even a day before you were supposed to go public. Not to mention I think its 50/50 to be pulled off. Wynn is just keeping his options open right now, this is like a call for bids as he might have some people with money come calling to help fund him. He says that its important for options, but that is bogus and he knows it. Options are nice, but they just don't carry much value these days in attracting someone as long as you offer that person other incentives such as fat bonuses or profit shares. He doesn't need a wildly fluctuating stock to get people, a lot of people will work for La Reve just because its Steve Wynn's property.
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Old 04-30-2002, 02:02 PM
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Default Re: Wynn going public

On the other hand there will be plenty of notice

before it actually happens and when you find out the week it goes it will be possible to follow and find the exact day it goes. A broker would be able to help and many web sites track IPO info. The perspectus would be at long before too.

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