Fast Track

FDJ begins life as a publicly listed company after Paris IPO

21st November 2019 10:10 am GMT
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, [...]

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