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Las Vegas Sands Headlines Big IPO Week As New Issues Soar In Number And Price; Casino Operator Rises 61%; Best IPO week in big '04 comes as investors bet on gaming, China, Internet.(A)

Investor's Business Daily

| December 16, 2004 | COPYRIGHT 2003 Investor's Business Daily, Inc. (Hide copyright information)Copyright

Byline: BRIAN DEAGON

Las Vegas Sands struck it rich Wednesday as shares of the casino operator surged 61% on its first day of trading after a strong initial public offering.

It wasn't alone. This could easily be the biggest week for IPOs this year. Eight have already debuted, with 10 more set to go soon. There have been 206 IPOs this year, the most since 2000 and up 200% from last year.

Analysts have called 2004 the year of the stealth IPO market. With public attention on the presidential election and Iraq, and businesses focused on energy prices, interest rates and the dollar, the IPO market has shown vigor not seen since 1998 -- before the Internet …

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