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Caesars Entertainment shares soar following IPO

9th February 2012 9:59 am GMT

Shares in casino operator Caesars Entertainment Corp. soared by more than 70 per cent in New York yesterday in the first full day of trading following the company’s IPO.

Caesars’ shares opened at $9.06 per share in New York yesterday after being approved for listing on the Nasdaq Global Select Market at $9.00 per share on Tuesday.

The shares reached a high of $17.90 at one stage during trading, up nearly 100 per cent, before falling back [...]

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