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LONDON, April 24 (Reuters) – Italian gambling company Lottomatica began taking orders on Monday for its initial public offering (IPO) at an indicative price range of 9 to 11 euros per share.
The books were covered shortly after the deal was launched, according to a bookrunner message seen by Reuters.
Lottomatica and its private equity backer Apollo Global Management are looking to raise up to 690 million euros ($756.9 million) through the share offering, which is expected to price by the end of the week.
The transaction is proceeding despite soaring interest rates and economic uncertainty that have reduced IPOs to a trickle over the past year.
($1 = 0.9117 euros) (Reporting by Pablo Mayo Cerqueiro Editing by David Goodman)
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