Moneta外汇：Cirsa即将上市 引发市场关注

Group 1 - Cirsa, a Spanish gaming company controlled by Blackstone, has launched an IPO that has garnered significant attention in global capital markets, being considered one of the most notable IPOs in Spain for 2025 [1] - The IPO was officially opened to investors on July 3 and is set to close on July 7, with shares expected to be allocated on the same day and trading to commence on July 9 [1] - Cirsa aims for a valuation target of €2.52 billion (approximately $2.97 billion) with an expected issuance size between €453 million and €521 million [1] Group 2 - The IPO includes a greenshoe option, allowing for additional share issuance if market demand is strong, providing flexibility for Cirsa to expand its financing [6] - The offering also involves the transfer of shares from existing shareholders, indicating a proactive approach to capital structure adjustments by the company and its investors [6] - The underwriting syndicate consists of major financial institutions including BBVA, Jefferies, Mediobanca, Société Générale, and UBS, ensuring liquidity and strong participation from international investors [6] Group 3 - Cirsa is the largest casino operator in Spain and has expanded its operations into Italy, Morocco, and various Latin American markets, with recent expansions into Portugal and Puerto Rico [6] - The successful IPO of Cirsa is expected to boost market sentiment in Spain, which has not seen large IPOs for several months, potentially revitalizing the capital market [6] - The IPO is seen as a reflection of the recovering European capital market, positively influencing investor sentiment in the Eurozone [7]