Italian gaming group Sisal files for IPO on Milan Stock Exchange

in Finance

It’s been a hot, hot year in the world of data, machine learning, and AI. Just when you thought it couldn’t grow any more explosively, the data/AI landscape just did: the rapid pace of company creation, exciting new product and project launches, a deluge of VC financings, unicorn creation, IPOs, etc.

MILAN, Oct 12 (Reuters) - Italian gaming group Sisal said on Tuesday it had filed for an initial public offering (IPO) to list its shares on the Milan Stock Exchange.

Sisal, which was bought by CVC Capital Partners in 2016, said IPO would consist of shares sold by the private equity firm.

Two sources told Reuters last month that the IPO was expected in the first quarter of next year.

Sisal, which gets most of its revenues from Italy, has expanded abroad, obtaining concessions for retail and online gaming business in Turkey, Morocco and Spain. The group is also in the race to run the UK National Lottery.

Sisal's IPO filing follows the announcement of listing plans by make-up supplier Intercos, pointing to a revival of new listings on the Milan bourse where only three companies debuted on the main market so far this year.

Heating solutions group Ariston Thermo and Eni's (ENI.MI) retail and renewable business unit are also planning to go public in the few next months. read more

Deutsche Bank  (DBKGn.DE) Equita SIM, J.P. Morgan  (JPM.N) and UniCredit Corporate & Investment Banking  (CRDI.MI) are the global coordinators in Sisal's IPO, while Lazard  (LAZ.N) is the company's financial adviser.

https://www.reuters.com/technology/italian-gaming-group-sisal-files-ipo-milan-stock-exchange-2021-10-12/