When Steve Wynn wanted to fund his new hotel he did not want public ownership but finally decided (with his bankers) that an IPO was the best way to go.
His initial attempt to float the IPO at $22-24 was met with resistance and it got lower and lower. It finally IPO'd at around $13.40. I won't tell you how many I bought at that price but the stock is at $68 (as high as $72)and change right now. This is for a place that hasn't made a DIME. 500% increase.
My fear is: they open the doors on 4/28/5 and it's a BOMB.
Have emailed corporate relation several times asking about grand opening deals for investors, first reply was, "why do you think the stock is so high, no discounts, but you will get an invite to opening and first stockholder's meeting".
Second email got no reply: So much for stockholder relations. I am going to be there around the opening and walk in the door with my proof of ownership and see what happens!
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