French gaming and lottery operator La Française des Jeux (FDJ) today launched its initial public offering (IPO) on the Euronext Paris stock exchange.
The IPO sees the French government offer a maximum of 99,320,000 existing FDJ shares for sale, representing 52 per cent of FDJ’s share capital, as it seeks to reduce its shareholding from 72 per cent to around 20 per cent.
The IPO includes a global placement primarily for institutional investors with an indicative price range [...]
