Natixis’ Eric Arnould speaks to Bloomberg on FDJ’s landmark IPO

Speaking to Bloomberg, Eric Arnould – Natixis’ Global Head of Equity Capital Markets – comments on the successful IPO of the state-owned lottery firm Francaise de Jeux (FDJ). FDJ enojoyed strong demand from the start, with over 500k individual investors participating in the retail offering, according to Arnould, a bookrunner on the IPO.

The institutional trance saw “massive participation” from French asset managers, along with a truly global demand, spanning funds from the UK to the Middle East and Australia, he explained.

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