Cirsa Launches Public Offering in Spain, Eyes $3 Billion Valuation
Cirsa, one of Europe’s leading gaming and casino operators, has announced the launch of its Initial Public Offering (IPO) on the Spanish stock market. Backed by global investment powerhouse Blackstone, the offering marks a major step for the company as it seeks to re-enter the public market and accelerate its growth strategy.
The IPO is expected to value Cirsa at around $3 billion, reflecting investor confidence in the company’s established presence in the gaming sector and its strong revenue performance in recent years. The subscription period for the offering will remain open until July 7, giving both institutional and retail investors the opportunity to participate.
Founded in 1978 and headquartered in Spain, Cirsa operates hundreds of casinos, slot machine venues, and bingo halls across Europe and Latin America. The company's expansion under Blackstone’s ownership has included a focus on digital gaming and international market entry, making it a prominent player in both land-based and online segments.
The proceeds from the IPO are expected to be used to pay down debt, strengthen the company’s balance sheet, and support long-term expansion plans, including new markets and technological innovation in gaming experiences.
Analysts note that this listing could reignite interest in the European leisure and entertainment sector, especially as economies recover and consumer activity in entertainment continues to rebound.