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 [$2.96 billion].
The IPO, whose planned 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.
