Sisal prepares for Italian IPO
Gaming group filed a request to list and trade its shares on Milan's main exchange last month
One of Italy’s biggest gaming operators, Sisal, is set to list its share on the country’s stock exchange after announcing its intention to offer up to 77.5 million shares in the IPO.
The company, which reported revenues of 772m in 2013 and holds around a 10% share of Italy’s online sportsbook market, will offer stock at a price between 6.30 and 7.70 a share.
The offer would amount to almost 60% of Sisal’s capital, it said yesterday in a statement, valuing the operator at between 645m-790m.
Sisal, of which Apax Partners and Permira Advisers own 36.4% each, ranked at number 25 in eGaming Review’s Power 50 list last year.
According to ï¬gures published by Italian regulator AAMS, Sisal holds a 9% online bingo market share and around 4% in a poker market dominated by PokerStars.
Despite impressive revenues last year, Sisal reported a full-year loss of 99m.