Bally’s Chicago announced Friday it has completed its $250 million initial public offering, adding 1,800 individual investors to the project, but falling short of its fundraising goals.

The company created 10,000 Class A shares valued at $25,000 each, but sold only 2,551 shares to public investors, according to a filing Thursday with the Securities and Exchange Commission.

That puts the value of the IPO at $96.7 million, including Class A investments, private placement and Bally’s funding to support the individual investors, according to the company. The gross proceeds to the company from the initial public offering were $5.5 million, according to the filing.

Bally’s Chicago is now shifting its emphasis to round out the private placement of shares to accredited investors and institution

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