Overview

• Cirsa launched its IPO on July 9 by issuing 26.67 million new shares at €15 each for a €2.52 billion valuation across Spain’s stock exchanges.
• The bookbuilding phase drew nearly seven times more demand than available shares, driven by around 200 institutional investors.
• On debut, Cirsa’s stock climbed 6.67 percent to close at €16, signaling robust market confidence.
• Net proceeds of about €375 million will support growth in regulated European and Latin American markets and help lower leverage toward 2.7 times EBITDA.
• Blackstone maintains a 78.4 percent stake while an 18 percent free float operates under a refreshed governance framework.