{"id":9321,"date":"2025-06-19T08:50:53","date_gmt":"2025-06-19T08:50:53","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/06\/19\/cirsa-to-list-shares-in-spain-and-raise-e400-million-in-ipo\/"},"modified":"2025-06-19T08:50:53","modified_gmt":"2025-06-19T08:50:53","slug":"cirsa-to-list-shares-in-spain-and-raise-e400-million-in-ipo","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/06\/19\/cirsa-to-list-shares-in-spain-and-raise-e400-million-in-ipo\/","title":{"rendered":"Cirsa to List Shares in Spain and Raise \u20ac400 Million in IPO"},"content":{"rendered":"<div>\n<p>Cirsa has confirmed it will move forward with a public offering on Spanish stock exchanges, aiming to raise \u20ac400 million ($460.4 million) through the sale of new shares. The operator plans to use the proceeds to support acquisitions, reduce debt, and reinforce its growth plans.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>IPO targets \u20ac400 million through newly issued ordinary shares.<\/strong><\/em><\/li>\n<li><em><strong>A secondary share sale worth \u20ac60 million is also planned.<\/strong><\/em><\/li>\n<li><em><strong>Cirsa expects to reduce net debt to EBITDA ratio to around 2.7x.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>The company, owned by Blackstone since 2018, is preparing to list on the Barcelona, Bilbao, Madrid, and Valencia exchanges. Cirsa did not provide a final date for trading to begin, noting it will depend on market conditions and regulatory approval.<\/p>\n<p>CEO Antonio Hostench described the IPO as a step forward. <em>\u201cToday, we are taking a defining step to continue writing another page in this extraordinary history of growth by announcing our intention to go public, which will provide us with the opportunity to undertake new projects and continue to consolidate our leadership in the sector,\u201d<\/em> he said. Executive Chairman Joaquim Agut added that the offering represents a major moment for the company.<\/p>\n<p>Both Agut and Hostench will remain shareholders following the IPO. In addition to the \u20ac400 million primary raise, Cirsa plans a \u20ac60 million secondary share sale by LHMC Midco. That sale is designed to cover tax and restructuring expenses related to employee and management holdings. 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These banks will serve as joint global coordinators.<\/p>\n<p>Cirsa expects the IPO will bring down its net debt to EBITDA ratio to around 2.7x initially, and eventually between 2.0x and 2.5x. The company has forecast 2025 EBITDA in the \u20ac740 million to \u20ac750 million range. Online operations are projected to slightly outperform 2024, while land-based business revenue is expected to grow in the mid-single-digit range.<\/p>\n<p>Cirsa is targeting total revenue of between \u20ac2.28 billion and \u20ac2.33 billion in 2025 and plans to generate \u20ac400 million to \u20ac500 million in cash flow between 2025 and 2027 for future acquisitions.<\/p>\n<p>The IPO announcement follows a strong Q1, where Cirsa posted \u20ac576.7 million in net revenue, marking a 12.5% increase over the previous year. The company currently operates in 11 countries, including Spain, Mexico, Peru, Panama, and most recently, Portugal.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Cirsa has made over 130 acquisitions since 2015, including major stakes in Apuesta Total in Peru and Casino Portugal. The company\u2019s IPO is expected to support this ongoing acquisition strategy.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/cirsa-to-list-shares-in-spain-and-raise-e400-million-in-ipo\/\">Cirsa to List Shares in Spain and Raise \u20ac400 Million in IPO<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cirsa has confirmed it will move forward with a public offering on Spanish stock exchanges, aiming to raise \u20ac400 million ($460.4 million) through the sale of new shares. The operator plans to use the proceeds to support acquisitions, reduce debt, and reinforce its growth plans. Good to know IPO targets \u20ac400 million through newly issued [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9321","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9321"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9321\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}