French lottery valued more than $3.3 billion in IPO prospectus
Share:
PARIS (Reuters) - France's state-owned lottery operator Française des Jeux (FDJ) is worth more than 3 billion euros ($3.32 billion), according to the prospectus for its stock listing released on Wednesday.The initial public offering will be priced at between 16.50 euros and 19.90 euros per share, valuing the company between 3.15 and 3.8 billion euros, or slightly above expectations.The state, which owns 72% of FDJ, will retain a 20% stake, allowing it to weigh on governance and strategic..