Gamenet shrinks, cheapens IPO to get it across the line

Italian gambling company Gamenet Group priced a €72m Milan IPO this week after bookrunners slashed the price and reduced the size at the end of last week.

  • By Aidan Gregory
  • 04 Dec 2017

“We went out on Friday with a smaller deal size and lower offer price,” a banker on the deal said. “We needed the deal to work.”

Gamenet dropped the price from an initial range of €8.70 to €11, to a fixed offer price of €7.50. At the revised size, ...

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