Red Rock’s initial public offering comes following reports made in January that Station Casinos and Deutsche Bank, which owns 25 percent of the company, had postponed its plans to become publicly traded “due to market conditions.” The company, which operates Station- and Wildfire-branded casinos across the Las Vegas Valley, expects the offering of 27.1 million class A shares to be priced at $18-$21 per share, it said in a regulatory filing on Friday.Ī gradual fall in volatility in the stock market is now opening up the window for IPO hopefuls. plans to raise as much as $569 million in an initial public offering, which could value the company at about $2.4 billion. Las Vegas-based casino operator Red Rock Resorts Inc.
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