Adelson’s Mavericks Deal Drives Follow-Ons Near Two-Year High

Miriam Adelson’s sale of roughly $2 billion in Las Vegas Sands Corp. shares to acquire a stake in the NBA’s Dallas Mavericks has the market for secondary offerings on pace for the busiest month in two years.

The family of the late casino mogul Sheldon Adelson offloaded more than 46 million shares of the company in a move to buy a stake in the Mavericks from 65-year-old tech billionaire Mark Cuban. The share sale bolsters the windfall for Corporate America and its biggest investors to $15.38 billion this month, just shy of the $15.39 billion raised in May, ...