FE Consortium’s Czech gaming biz plans $41.4M IPO

FE Consortium’s Czech gaming biz plans $41.4M IPO

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FE Consortium’s Czech gaming biz plans $41.4M IPO

With the first public offering (IPO) of its shares, Palasino Holdings, the Czech gaming company owned by FE Consortium, hopes to generate about 41.4m dollars.

The business plans to offer around 142.86m shares worldwide, of which 57.14m are existing shares and 85.71m are freshly issued shares. Ten percent of the offering will also be made available to the Hong Kong public.

The majority of the patrons at the three casinos run by Palasino Holdings in the Czech Republic are from Germany and Austria, two nearby states. In addition, the corporation oversees one hotel in Austria and three in Germany.

The IPO is scheduled to end on Thursday, March 21st, having started on Monday. As long as the offering is unconditional by or before 8 a.min Hong Kong on March 26, Palasino Holdings plans to begin trading on the Hong Kong Stock Exchange.

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