Red Rock Resorts raises $528.5 million in IPO - source

Red Rock Resorts Inc RRR.O raised $531.4 million in its initial public offering on Tuesday, as the U.S. stock market becomes more welcoming for new flotations following months of volatility that grounded several IPO hopefuls.

Red Rock priced 27.25 million shares at $19.50, the middle of its previously indicated $18 to $21 range, a source who requested anonymity ahead of an official announcement said. Red Rock did not immediately respond to a request for comment

(Reporting by Lauren Hirsch; Editing by Bernard Orr)