Station Casinos wants to be publicly traded again, IPO could reach $100M

Eight years after going private, the Fertitta-led Station Casinos has filed for an initial public offering that could reach $100 million.

The company filed a registration statement with the U.S. Securities and Exchange Commission about the proposed IPO. Through its website, Station Casinos Corp. said the number of shares to be offered and the price range for the proposed offering have yet to be determined.

Union Gaming Research analyst Christopher Jones, however, believe the IPO could reach up to $100 million, which “will serve as the pivot point for the reorganization of the company’s corporate structure while also feeling the market on valuation and creating an exit outlet for some of the company’s investors.”

Proceeds from the IPO will help fund Station’s plan to acquire Fertitta Entertainment for $460 million.