In 2007, Apollo Management Group and Texas Pacific Group bought Caesars, then known as Harrah’s, and took it private.
(Caesars Entertainment Corp. via AP)
Caesars resumes plans for IPO
In 2007, Apollo Management Group and Texas Pacific Group bought Caesars, then known as Harrah’s, and took it private.
(Caesars Entertainment Corp. via AP)
Caesars Entertainment Corp., one of the world’s biggest casino companies, is restarting its plans to go public a year after it canceled its initial public offering. The announcement comes as the IPO market is beginning to heat up again. While the stock market’s volatility in recent months dampened IPO buzz, the November launch of daily deals pioneer Groupon may have whet investors’ appetites for IPOs once again.
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