how small shareholders hit the jackpot

SURVEY – Since the IPO a year ago, the capital gain is close to 77% for individuals, despite some ups and downs.

The Minister of the Economy, Bruno Le Maire, with Stéphane Boujnah, head of Euronext, surround Stéphane Pallez, CEO of La Française des Jeux, during a ceremony dedicated to the entry on the Paris Stock Exchange of the FDJ, November 21, 2019.
The Minister of the Economy, Bruno Le Maire, with Stéphane Boujnah, head of Euronext, surround Stéphane Pallez, CEO of La Française des Jeux, during a ceremony dedicated to the entry on the Paris Stock Exchange of the FDJ, November 21, 2019. CHARLES PLATIAU / REUTERS

La Française des Jeux (FDJ) is celebrating the first anniversary of its listing on the Paris Stock Exchange. Just a year ago, its privatization caused a real stampede. 500,000 individuals had been seduced. The State had thus sold 52% of the capital of the company and collected around 2 billion euros. Bruno Le Maire, the Minister of the Economy, wanted to make this operation “a huge popular success“And”reconcile the French with the Stock Exchange“. On the first point, he was satisfied. “The operation exceeded all expectations“, Had also welcomed the minister.

The early shareholders of the FDJ are now rubbing their hands. The title ended at 34.51 euros on Thursday. It has thus gained more than 73% since the IPO. Those who bet on the FDJ share at 19.50 euros per share, the price reserved for “private investors” during privatization, have achieved a nice tumble. Their potential added value is nearly 77%. And this

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