Economy Confirmed success for the initial public offering of la...

Confirmed success for the initial public offering of la Française des Jeux

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Following the release of a "package" of securities held in reserve to meet the strong demand, the state will pocket a total of 2.1 billion euros.

Through Le Figaro with AFP

Bruno Le Maire during the IPO of the FDJ, November 21, 2019.
Bruno Le Maire during the IPO of the FDJ, November 21, 2019. Eric PIERMONT / AFP

The success was confirmed for the stock market listing of the French Games, with the announcement Wednesday by the company of the exercise of the over-allotment option, the release of a package of additional securities held in reserve to meet the high demand.

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"The over-allotment option has been fully exercised. The total size of the offer is therefore increased to approximately 1.826 billion euros, making this operation the most important IPO on Euronext Paris since 2005.", Welcomed the company in a statement. The over-allotment option, which was expected to be triggered by strong demand at the time of the IPO on 21 November, allowed the State to put on the market 11.35 million additional shares, for an amount of 225 , 87 million euros.

The state will pocket a total of 2.1 billion euros by countingequalization payment", The sum that will pay the FdJ in exchange for the monopoly to operate for 25 years lottery games and sports betting in its physical network. Now, "the size of the float (shares that are not in the hands of the major shareholders of reference, Ed) represents about 50% of the number of existing shares", Said the FdJ in his statement.

(tagsToTranslate) French shares (t) Foreign companies (t) French companies prices (t) news Bourse (t) Bourse (t) Paris stock exchange (t) share (t) cac 40 (t) sicav (t) fcp (t) warrants (t) warrant (t) quotations (t) quotation (t) markets (t) currencies (t) investment (t) indices (t) Figaro (t) Le Figaro

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