MADRID, July 7 (Reuters) - 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.
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)