2 days ago
Blackstone Said to Mull Launch of Cirsa IPO in Coming Weeks
Blackstone Inc. is considering launching an initial public offering of Spanish casino operator Cirsa Enterprises as soon as the coming weeks, according to people familiar with the matter, as fading volatility has opened a window for companies to go public before the summer lull.
The company's IPO could raise less funds than previously expected after its private equity owner recently injected cash to pay down debt, said the people, who asked not to be identified as the information is private. An IPO of Cirsa could raise as much as €1 billion ($1.1 billion), Bloomberg reported in November, before the capital injection.
