Sisal files for Italian IPO

Sisal plans to launch on the Borsa Italiana’s Mercato Telematico Azionario (MTA).
Sisal plans to launch on the Borsa Italiana’s Mercato Telematico Azionario (MTA).

The Italian lottery operator has filed to launch on the country’s stock exchange.

Italy.- The lottery operator Sisal has filed to launch an initial public offering (IPO) on the Italian stock exchange Borsa Italiana’s Mercato Telematico Azionario (MTA). The company, which runs Italy’s SuperEnalotto lottery, has applied to the Commissione Nazionale per le Società e la Borsa (CONSOB) for permission to publish an information prospectus on shares.

The listing would allow Sisal to raise funds by offering stock, which will be denominated on October 25. The institutional placement will target Italian investors in Italy and elsewhere.

The deal is being managed by Deutsche Bank, Equita SIM, JP Morgan and UniCredit Corporate & Investment Banking. A greenshoe option will allow the investment banks that underwrite the IPO to purchase and sell 15 per cent more shares at the original agreed sale price. 

Sisal has published a share prospectus for an IPO before, more than a decade ago in 2010, but the planned IPO didn’t go ahead.

Sisal is currently competing in the British Gambling Commission’s ongoing tender for the next UK National Lottery licence. It’s up against Sazka’s Allwyn and Camelot.

Last month, the company announced plans to de-merge its payment services company Mooney Group as part of a corporate restructuring.

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