FDJ eyes €1bn IPO on 7 November

French government to reduce stake from 72% to just 20% once privatisation process completes

French national lottery operator Francais des Jeux (FDJ) will be IPO’d from 7-20 November, the French government has confirmed. There will be no limitation on the number of shares available, and retail investors will receive one free share for every ten shares purchased, together with a 2% discount on the offer price if shares are…

Finance | Francais Des Jeux | France | Initial Public Offering | State-owned | Stocks