How to Buy Harrah's Stock
Harrah's Entertainment is a world-famous casino operator, with casinos operating in New Jersey, Las Vegas and other venues. As of September 2010, it is a private company owned by Apollo Global Management and TPG Capital.
Other People Are Reading
-
Harrah's Stock
-
Harrah's was acquired by private equity firms Apollo Global Management and TPG Capital 2008 for $27.8 billion, so it is currently a private company. The stock used to trade under the symbol HET on the New York Stock Exchange, but since it is now private, it no longer trades on the NYSE.
Coming Back To Market
-
Harrah's Entertainment filed a regulatory filing on August 12, 2010, with the Securities And Exchange Commission that it was planning to go back to the public markets and sell up to $710 million in common stock in an initial public offering. The company expects to be listed on a major stock exchange again.
-
How To Buy Harrah's
-
In order to buy shares of Harrah's, you need to be a priority client of one of the IPO underwriters, which have not been announced yet. Major IPO underwriters include Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch. If you are a client of one of these investment banks, you need sufficient funds in your brokerage account to buy the stock. You can have your financial advisor at the firm place the order for you.
-
References
- Photo Credit here it is high image by Yuriy Rozanov from Fotolia.com
