Fu Tu Information noted that Studio City International Holdings, a comprehensive entertainment and holiday project, went public in US stocks on Thursday, rising as much as 40 per cent in intraday trading. It opened at $16.50, 32 per cent higher than IPO's price of $12.50.

Source: Futu Securities

According to Wikipedia, Studio City International Holdings (Studio City Macau) was formerly known as "East Asia Satellite TV Cinema" and "Studio Macao City". Located on the continuous highway of "City Road" on Macao Road, adjacent to Lianhua Port, with a total floor area of about 6 million square feet, it is the first entertainment resort project in Asia that combines theatre, film studio, shopping mall, gaming and entertainment with world-class luxury hotel.

Source of picture:The company's official website

In 2011, Melco International announced the acquisition of the rest of Starlemen for $260 million and renamed it Studio City International Holdings, which opened on October 27th. It is reported that Studio City International Holdings is a listed company in Hong Kong.Melco International DevelopmentAs a result of the split, the main underwriters of this listing are Deutsche Bank, Credit Suisse and Morgan Stanley.

In addition, Studio City International Holdings has been losing money since its opening in October 2015. Cumulative losses of $550 million between 2015 and 2017; losses of $14.843 million in the first half of this year; profit before interest, tax, depreciation and amortisation (EBITDA) of $153 million, a year-on-year increase of 23.4 per cent; the EBITDA rate rose 5.6 percentage points to 54.5 per cent.