UPDATE 1-Red Rock Resorts raises $531.4 million in IPO-source
April 26, 2016 at 19:38 PM EDT
April 26 (Reuters) - Red Rock Resorts Inc 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.