Blackstone's Cirsa set for Spanish stock market debut around July 9
Cirsa aims for a valuation of €2.52 billion ($2.98 billion) in its initial public offering, with shares priced at €15 each. The company intends to raise at least €400 million through the share sale.
As the largest casino operator in Spain, Cirsa also maintains operations in Italy, Morocco, and several Latin American countries. The company further expanded its footprint last year by entering the Portuguese and Puerto Rican markets.
This listing will mark Spain's first IPO since February, when travel technology company HBX Group raised €725 million in a deal that valued the company at €2.84 billion at that time.
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Blackstone's Cirsa set for Spanish stock market debut around July 9
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