Shares in French gaming and lottery operator La Française des Jeux (FDJ) began trading on the Euronext Paris stock exchange Thursday following its successful initial public offering which raised approximately €1.6bn.
A total of 81,141,631 existing FDJ shares were sold by the French government, representing 42.5 per cent of the company’s share capital and giving FDJ a market capitalization of around €3.7bn.
A global placement primarily aimed at institutional investors priced at €19.90 saw 44,621,497 shares sold, [...]
