Apollo-backed Lottomatica begins taking orders for Milan IPO

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, April 24 (Reuters) - Italian gambling company Lottomatica has begun taking orders for its initial public offering (IPO) at an indicative price range of 9 to 11 euros per share, according to a bookrunner message seen by Reuters on Monday. Lottomatica and its private equity backer Apollo Global Management are looking to raise up to 690 million euros
($756.9 million) through the share offering, which is expected to price by the end of the week. ($1 = 0.9117 euros) (Reporting by Pablo Mayo Cerqueiro Editing by David Goodman )

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