Finance
Blackstone-owned gambling company Cirsa plans IPO in Spain
Published by Global Banking & Finance Review®
Posted on June 18, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 18, 2025
1 min readLast updated: January 23, 2026
Cirsa, owned by Blackstone, plans a €460M IPO on the Madrid stock exchange to fund growth and repay debt, marking the first IPO in Madrid since last year.
MADRID (Reuters) -Blackstone's gambling company Cirsa said on Wednesday it planned to raise as much as 460 million euros ($529.46 million) in a first initial public offering of shares on the Madrid stock exchange this year.
The company, which operates casinos and gaming platforms in Spain, Latin America, Morocco and Italy, intends to sell up to 400 million euros in newly issued shares and an additional 60 million euros in a secondary share sale, it said in a statement.
Spanish-based Cirsa plans to use to proceeds to boost growth and repay debt, it said.
The initial public offering is the first in Madrid since Spanish clean energy and water utility Cox went public in November last year.
($1 = 0.8688 euros)
(Reporting by Yadarisa Shabong in Bengaluru and Inti Landauro in Madrid; Editing by Nivedita Bhattacharjee and Andres Gonzalez)
Cirsa plans to raise as much as 460 million euros ($529.46 million) in its initial public offering.
The company intends to use the proceeds to boost growth and repay debt.
The last IPO in Madrid was by Spanish clean energy and water utility Cox, which went public in November of the previous year.
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