LONDON, April 26 (Reuters) - Italian gambling firm
Lottomatica is expected to price its initial public offering
(IPO) between 9 and 9.5 euros per share, at the lower end of its
targeted price range, according to a bookrunner message on
Wednesday.
Investment banks will stop taking orders from investors on
Thursday afternoon, with a view to pricing and allocating shares
on Friday.
The IPO of Lottomatica, backed by Apollo Global Management , follows a slow first quarter for new share listings,
after soaring interest rates and economic uncertainty all but
ground the market to a halt last year.
(Reporting by Pablo Mayo Cerqueiro, Editing by Louise Heavens)
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