Published by Global Banking & Finance Review®
Posted on July 1, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleCirsa, owned by Blackstone, plans a Spanish IPO on July 9, aiming for a €2.52 billion valuation. It operates casinos in Spain and other regions.
MADRID (Reuters) -Blackstone's gambling company Cirsa intends to have its shares listed on the Spanish stock market on or around July 9, it said on Tuesday after the stock market regulator CNMV authorised the planned initial public offering.
The company said on Monday it would seek a valuation of 2.52 billion euros ($2.98 billion) in an initial public offering of shares worth at least 400 million euros, at 15 euros a share.
Cirsa operates casinos and gambling platforms in Spain, where it is the largest casino operator, Italy, Morocco, as well as in Latin America. It entered Portugal and Puerto Rico last year.
The IPO would be the first one 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.
($1 = 0.8464 euros)
(Reporting by Inti Landauro, editing by Andrei Khalip)
Cirsa intends to have its shares listed on the Spanish stock market on or around July 9.
The company is seeking a valuation of 2.52 billion euros ($2.98 billion) for its initial public offering.
Cirsa plans to raise at least 400 million euros in its IPO, with shares priced at 15 euros each.
Cirsa operates casinos and gambling platforms in Spain, Italy, Morocco, and Latin America, and recently entered Portugal and Puerto Rico.
The last IPO in Spain was by travel tech company HBX Group, which raised 725 million euros in February.
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