3rd listing of 2023 on Euronext Milan
Lottomatica brings the total number of companies listed on Euronext Milan to 221
18th listing on Euronext in 2023
Largest IPO in Europe in 2023, with €600m raised in the placement phase, and up to €690 million to be potentially raised in case of a full exercise of the over-allotment option
Milan – 3 May 2023 – Borsa Italiana, part of the Euronext Group, today congratulates Lottomatica on its listing on Euronext Milan.
Lottomatica is the number one Italian operator in the legal gaming market authorized by the Customs and Monopoly Agency, and is one of the major players in Europe. The Group is active in the following operating segments: Online, Betting, Gaming.
Lottomatica represents the third listing since the beginning of the year on Euronext Milan and it brings the total number of firms currently listed on Euronext Milan to 221.
In the placement phase, Lottomatica raised €600 million. In the case of the full exercise of the over-allotment option, the total amount raised will be €690 million. The free float at the time of admission was 26.5% and the market capitalisation at IPO was €2.265 million.
Lottomatica raised the highest amount of funds through an IPO in Europe in 2023 to date.
Guglielmo Angelozzi, CEO of Lottomatica, said: “We are very happy with this result. This is the largest IPO in Italy in the last 18 months. Today opens a new phase for the growth of our Group, which will be able to count on an even stronger balance sheet and additional investors to accompany its future development programs. The fact that more than 85 percent of the new capital comes from foreign institutional investors is confirmation of the international interest in the Country System and its regulated sectors.”
Andrea Moneta, Chairman of Lottomatica Group and senior advisor for Italy of Apollo Global Management, said: “We are very happy to list Lottomatica Group on Euronext Milan about 3 years after the initial investment. Thanks to an excellent work by the management and all the people of the Group, since then the company has grown more than 3 times in terms of EBITDA, both through organic growth and through acquisitions. This is the right moment in Lottomatica's life cycle for Apollo to open up capital to the market, in order to allow the company to further accelerate its development program, maximizing value creation in the medium to long term”.
Caption Guglielmo Angelozzi, CEO of Lottomatica, Andrea Moneta, Chairman of Lottomatica and Laurence Van Lanker, CFO of Lottomatica, rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
Lottomatica With about €26 billion of PF bets and €1.46 billion of PF revenues in FY 2022, Lottomatica is the largest player in the Italian gaming market based on revenues. It operates across three segments: online, sports franchise and gaming franchise. Lottomatica offers safe and engaging gaming experiences across all channels. The Group counts on the expertise of approximately 1,600 direct employees and its large franchising network. As of December 31, 2022, Lottomatica has a customer base of 1.2 million online customers and distributes its gaming products across approximately 18,000 points of sales.