French lottery operator IPO a success with retail investors: finance minister

FILE PHOTO: Logo of French lottery group Francaise des Jeux is pictured on grids in Bordeaux, France, November 6, 2019. REUTERS/Regis Duvignau

PARIS - Demand for the initial public offering of French national lottery operator Francaise des Jeux is very strong, with retail investors having subscribed for 1 billion euros in shares, Finance Minister Bruno Le Maire said on Sunday. “As I speak there are ... 1 billion euros in retail investors subscriptions. It is a tremendous popular success,” Le Maire told BFM television.

The government began the flotation process on Thursday, as it looks to sell down its majority stake in FDJ in France’s biggest wave of privatizations in more than a decade. The share sale is expected to raise up to 1.7 billion euros for the state and about a third of it has been earmarked for retail investors.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Saudi Aramco will not market IPO in the United States: sourcesSaudi Aramco does not plan to market its domestic initial public offering (IPO) ...
Fuente: Reuters - 🏆 2. / 97 Leer más »

Saudi Aramco IPO set to value company up to $1.7 trillionSaudi Aramco has set a price range for its listing that implies the oil giant is...
Fuente: Reuters - 🏆 2. / 97 Leer más »