Report
Cirsa Gaming : What to expect from the IPO?
After an aborted attempt in April due to market volatility, Blackstone is reportedly close to launching IPO in the coming weeks before the summer break. Cirsa has made significant progress and is now a strong candidate, although some structural weaknesses remain (low online share and high exposure to South America). In this study, we review the imminent transaction and its implications for bonds, with a focus on PIKs, credit ratings and covenants.
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Joan Sehim
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