Blackstone's gambling company, Cirsa, has confirmed its share price at 15 euros in an oversubscribed initial public offering (IPO), valuing the entire company at 2.52 billion euros. Trading on the Spanish stock exchanges is expected to commence on or around July 9, 2025.
The IPO floats at least 18% of Cirsa's capital, representing a significant realization event for Blackstone. This successful public offering demonstrates the firm's ability to bring its portfolio companies to market and generate substantial capital.
The oversubscription of the IPO indicates strong investor demand for Cirsa, reflecting confidence in its business model and future growth prospects. This successful exit further validates Blackstone's investment strategy in the leisure and entertainment sector.
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