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Finance

Blackstone's gambling co Cirsa expects share listing in Spain on July 9

Published by Global Banking and Finance Review

Posted on July 1, 2025

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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)