Italy's Lottomatica picks banks for possible IPO -sources (updated)

United Internet AG

17/01/2023 18:27

(Adds details)
       MILAN, Jan 17 (Reuters) - Italian gaming company
Lottomatica is working with UniCredit  CRDI.MI , Goldman Sachs
 GS.N , Barclays  BARC.L , Deutsche Bank  DBKGn.DE  and JPMorgan
 JPM.N  on a possible stock market listing, two people close to
the matter said on Tuesday.
    Lottomatica is considering an initial public offering (IPO)
in the first half of the year depending on market conditions,
one of the people and a third source said. 
    Stormy markets led to a dearth of IPOs last year.
    However, sources said last week United Internet's  UTDI.DE 
web hosting subsidiary Ionos and Italian industrial group Euro
Group were both preparing to test European equity capital
markets with new share offerings. 
    Lottomatica, which according to one of the sources could
look to raise at least 1 billion euros ($1.1 billion) in the
offering, declined to comment on the matter.
($1 = 0.9276 euros)
 (Reporting by Amy-Jo Crowley in London and Valentina Za and
Elisa Anzolin in Milan; editing Federico Maccioni and Tomasz
Janowski)
 ((valentina.za@thomsonreuters.com; +39 02 6612 9526;))