EuroGroup and IONOS shares are now trading respectively flat and down over 10% compared to their IPO price.
Lottomatica, owned by Apollo Global Management , is aiming to offer new and existing shares, the sources said. The company will use the additional resources to shore up its finances, allowing it to grow further through acquisitions, one of the sources added. The company offers gambling on sports and other events both online and in retail outlets, as well as operating a network of gaming machines in premises across Italy. In January Lottomatica said that it was considering a potential public listing among strategic options to support growth. At that point sources told Reuters that an IPO could take place in the second quarter of 2023. (Reporting by Elisa Anzolin Editing by Keith Weir)