Caesars IPO Hits Jackpot

Caesars Entertainment stock popped 82 percent on the first day of its public offering, trading at $16.39 a share. The Las Vegas company sold only 1.8 million shares, at a price of $9 each. Caesars, known for its casinos, is also betting on new online initiatives, such as social and real-money gaming. The IPO will provide an exit for some of its investors, who paid $28 billion to take it private four months ago. Because of its debt balance of $22 billion, some analysts view the deal as unattractive.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik