Industry News

Sisal Files for IPO on Milan Stock Exchange

Published

4 years ago

October 14, 2021

Niji Narayan

Reading Time: < 1 minute

Italian gaming group Sisal has announced that it has 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.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.