Hong Kong-based Melco International Development Limited has announced the submission of subsidiary Studio City’s application to be listed on the New York Stock Exchange (NYSE).

In its filing, Melco International revealed the proposed initial public offering (IPO) price of $10.50-$12.50 for each American depositary share (ADS), equivalent to four of Studio City Class A ordinary shares.

The “Global Offering” is expected by Melco International to generate between $301.9 million to $359.4 million, based on the proposed share price.

The terms of the IPO, according to Melco International, have yet to be declared effective by the U.S. Securities and Exchange Commission (SEC), and are subject to approval by the NYSE.