Deals
Apollo’s Lottomatica to Take IPO Orders as Soon as This Week
- Italian gambling company could raise as much as €700 million
- Apollo-backed Lottomatica awaiting approval for bookbuilding
Shop assistants in a tobacconist's shop serve hopeful customers their Lottomatica lottery slips
Photographer: Chris Warde-Jones/Bloomberg
This article is for subscribers only.
Lottomatica, the Italian gambling company backed Apollo Global Management Inc., plans to begin taking investor orders as soon as this week for an initial public offering that could raise about €600 million ($657 million) to €700 million, people with knowledge of the matter said.
The company expects to get the green light to launch the offering from Consob, Italy’s market regulator, in the coming days, the people said. It plans to list shares in Milan by the end of the month in a deal that could give it a market value of as much as €3 billion, the people said.