IPO: Caesars Entertainment (CZR)

Caesars Entertainment (CZR), a casino entertainment provider owned by TPG and Apollo, plans to raise $16 million by offering 1,811,313 shares at a price range of $8.00 to $10.00. At the midpoint of the proposed range, Caesars Entertainment will command a market value of $1.14 billion. Caesars Entertainment, which was founded in 1989, booked $8.8 billion in sales over the last 12 months. The Las Vegas, NV-based company plans to list on the NASDAQ under the symbol CZR. Credit Suisse, Citi, and BofA Merrill Lynch are the lead underwriters on the deal.