Trading Successful for Caesars Acquisition Co.

On Tuesday Caesars Acquisition Co. appeared on the Nasdaq exchange with increasing share prices on day one.

Caesars gave shareholders the opportunity to purchase its subsidiary’s stock for $8.64 per share.

As the day went on, trading calmed down as shares opened at $11.90 and closed $11.05 leaving the company’s market value at approximately $1.5 billion.

Private equity firms, Apollo Global Management LLC and TPG Capital purchased Caesars in 2008 for $30.7 billion and have since been working through Caesars’ debts allotting $600 million to Caesars Acquisition.

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