Latest news with #Cirsa
Bloomberg
09-07-2025
- Business
- Bloomberg
Blackstone-Backed Casino Firm Cirsa Opens Steady in Spain Debut
Cirsa Enterprises SA shares traded in line with its offer price in its debut in Spain on Wednesday, a steady start to trading for the company that's key to setting the tone for European offerings after the summer quiet period. Shares of the Blackstone Inc.-backed company opened at €16 ($18.75), 6.7% higher than its offering price of €15 each. Shares erased some of those gains in the opening minutes to trade as low as €15.
Reuters
07-07-2025
- Business
- Reuters
IPO values Blackstone's gambling co Cirsa at 2.52 bln euros
MADRID, July 7 (Reuters) - Blackstone's (BX.N), opens new tab gambling company Cirsa confirmed on Monday the share price of 15 euros ($17.60) in an oversubscribed initial public offering that floats at least 18% of the capital and values the whole company at 2.52 billion euros. The IPO, whose planned terms were announced on June 30, is the first in Spain since travel tech company HBX Group ( opens new tab raised 725 million euros in February in a deal that valued it at 2.84 billion euros at the time. Cirsa operates casinos and gambling platforms in Spain - where it is the largest casino operator - Italy and Morocco, as well as in Latin America. It entered Portugal and Puerto Rico last year. The maximum offering size, including the over-allotment option, which if exercised in full would take the free float to 20.7%, was set at 521 million euros, or 34.8 million shares, the company said in a regulatory filing. Cirsa expects its shares to be listed and start trading on the Spanish stock market on July 9. One of the bookrunners, who include BBVA, Jefferies, Mediobanca, Societe Generale and UBS, said last week the books were multiple times oversubscribed. Equity capital markets offerings from issuers in Europe, the Middle East and Africa totalled $71.2 billion in the first half of 2025, a 25% drop from a year ago and a two-year low. ($1 = 0.8522 euros)
Time of India
07-07-2025
- Business
- Time of India
IPO values Blackstone's gambling co Cirsa at 2.5 billion euros
Blackstone 's gambling company Cirsa confirmed on Monday the share price of 15 euros ($17.60) in an oversubscribed initial public offering that floats at least 18% of the capital and values the whole company at 2.52 billion euros. The IPO, whose terms were announced on June 30, is the first in Spain since travel tech company HBX Group raised 725 million euros in February in a deal that valued it at 2.84 billion euros at the time. Cirsa operates casinos and gambling platforms in Spain - where it is the largest casino operator - Italy and Morocco, as well as in Latin America. It entered Portugal and Puerto Rico last year. The maximum offering size, including the over-allotment option, which if exercised in full would take the free float to 20.7%, was set at 521 million euros, or 34.8 million shares , the company said in a regulatory filing. Cirsa expects its shares to be listed and start trading on the Spanish stock market on July 9. Live Events One of the bookrunners, who include BBVA, Jefferies, Mediobanca, Societe Generale and UBS, said last week the books were multiple times oversubscribed. ($1 = 0.8522 euros)
Reuters
02-07-2025
- Business
- Reuters
Cirsa's Spanish IPO open to investors until July 7 in deal valuing it at nearly $3 bln
MADRID, July 2 (Reuters) - Blackstone's (BX.N), opens new tab Spanish gambling company Cirsa opened its initial public offering to investors on Wednesday and will close it on July 7, a bookrunner said in a document seen by Reuters. The new shares in the company would be allocated to investors on July 7 and would start trading on the Spanish stock market on July 9. Cirsa seeks a valuation of 2.52 billion euros ($2.97 billion) in the IPO, it said on Monday. The casino operator expects the operation to be worth between 453 million euros and 521 million euros, including a so-called greenshoe option that allows it to float more shares if demand is strong enough and a secondary sale by existing shareholders, the bookrunner said. Bookrunners for the IPO include BBVA, Jefferies, Mediobanca, Societe Generale and UBS. Cirsa is controlled by U.S. private equity fund Blackstone and operates casinos and gambling platforms in Spain, where it is the largest casino operator, Italy, Morocco, as well as in Latin America. It entered Portugal and Puerto Rico last year. The IPO would be the first in Spain since travel tech company HBX Group ( opens new tab raised 725 million euros in February in a deal that valued it at 2.84 billion euros at the time. ($1 = 0.8491 euros)
Yahoo
02-07-2025
- Business
- Yahoo
Cirsa's Spanish IPO open to investors until July 7 in deal valuing it at nearly $3 billion
MADRID (Reuters) -Blackstone's Spanish gambling company Cirsa opened its initial public offering to investors on Wednesday and will close it on July 7, a bookrunner said in a document seen by Reuters. The new shares in the company would be allocated to investors on July 7 and would start trading on the Spanish stock market on July 9. Cirsa seeks a valuation of 2.52 billion euros ($2.97 billion) in the IPO, it said on Monday. The casino operator expects the operation to be worth between 453 million euros and 521 million euros, including a so-called greenshoe option that allows it to float more shares if demand is strong enough and a secondary sale by existing shareholders, the bookrunner said. Bookrunners for the IPO include BBVA, Jefferies, Mediobanca, Societe Generale and UBS. Cirsa is controlled by U.S. private equity fund Blackstone and operates casinos and gambling platforms in Spain, where it is the largest casino operator, Italy, Morocco, as well as in Latin America. It entered Portugal and Puerto Rico last year. The IPO would be the first in Spain since travel tech company HBX Group raised 725 million euros in February in a deal that valued it at 2.84 billion euros at the time. ($1 = 0.8491 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
