Published 11/21/19
Published 11/21/19
Reading Min.

François Riahi, CEO of Natixis, took part on 21 November 2019 in the IPO ceremony of Française des Jeux at Euronext in Paris.

The ceremony was presided over by Bruno le Maire, Minister for the Economy and Finance, in the presence of Stéphane Pallez, CEO of Française des Jeux, Martin Vial, Commissioner of State Holdings, Stéphane Boujnah, CEO of Euronext, and representatives of the banks in charge of the placement.

A new IPO success for Natixis

The operation, worth nearly €1.7bn, is the most important IPO in France in the last decade and the first privatization for nearly 15 years. It attracted strong interest from institutional investors and marks the return of popular shareholding, with over 500,000 individual investors with a combined share of 40%.
Interest was very strong throughout the entire offer period. The placement was oversubscribed from day one, allowing the price to be fixed at the upper end of the indicative price range.
Natixis, along with Groupe BPCE’s banking networks and ODDO BHF, directed the operation as global coordinator with a particular focus on advising retail investors.
This IPO is a new success that confirms the expertise of Natixis’ Equity Capital Markets division, which has led the most significant French IPO of the year for the second year running, having already directed Neoen’s IPO in 2018.