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Cirsa, the Spain-based gaming and casino company owned by private equity firm Blackstone Inc. $BX, has officially announced its intention to launch an initial public offering (IPO) on the Madrid Stock Exchange later this year. The move is designed to raise up to €460 million ($529 million) through a combination of newly issued shares and a secondary offering. The IPO marks a significant step in Blackstone’s strategy to unlock value from its European portfolio as sentiment toward European equity markets improves. The proceeds are intended to fuel Cirsa’s expansion plans and accelerate debt reduction, reinforcing the company’s balance sheet ahead of expected regulatory shifts in the European gambling industry. Continue reading... https://news-trading.com/article/cirsa-eyes-460-million-ipo-on-madrid-stock-exchange-to-boost-growth-and-cut-debt

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