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Louis Brown’s Street Smart Systems » Caesars shares jump on first day of trading
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post Caesars shares jump on first day of trading

February 8th, 2012

Filed under: News — Louis Brown @ 7:59 am

Shares of Caesars Entertainment Corp. rose more than 40 percent on Wednesday, the first day of the company’s initial public offering. Caesars (NASDAQ: CZR), the operator of the Horseshoe Casino Cincinnati under construction downtown, began trading at $9 per share, offering about 1.8 million shares of common stock. Proceeds from the sale are expected to be about $16 million. The shares, which represent only a fraction of the total shares held, were at $13.41 in late-morning trading. In earlier trading, the shares traded as high as $13…

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