The initial public offering (IPO) of French lottery operator Francaise des Jeux ...
PARIS - The initial public offering of French lottery operator Francaise des Jeux has proved a “popular success”, drawing subscriptions from retail investors worth 1 billion euros , the finance minister said on Saturday.
The government began the sale of its majority stake in FDJ on Thursday. It is expected to raise up to 1.7 billion euros from the listing, part of France’s biggest wave of privatizations in more than a decade. Le Maire told BFM he would set a final price next week, ahead of trading that is due to begin on Nov. 21.
The state wants to sell all or part of its 50.6% stake in ADP worth around 8.6 billion euros but opponents have organized an online referendum to stop it.
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