(Adds books covered line, context)
LONDON, April 24 (Reuters) - Italian gambling company
Lottomatica began taking orders on Monday for its initial public
offering (IPO) at an indicative price range of 9 to 11 euros per
share.
The books were covered shortly after the deal was launched,
according to a bookrunner message seen by Reuters.
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.
The transaction is proceeding despite soaring interest rates
and economic uncertainty that have reduced IPOs to a trickle
over the past year.
($1 = 0.9117 euros)
(Reporting by Pablo Mayo Cerqueiro
Editing by David Goodman)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.