Française des jeux (FDJ): Initial public offering

In November 2019, the State launched the privatisation of la Française des jeux, the incumbent operator of the Loto in France. The privatisation took place in a particular context for a particular company. FDJ holds a monopoly and belongs to a sensitive sector. Therefore, a number of decisions had to be taken before FDJ could be privatised. FDJ was floated at the top of the range: it was a huge success.

This is not an IPO like any other but the privatisation of a company in a monopoly situation. Another specificity is that the State chose not to increase its capital at the time of the IPO but to sell only some of its shares. The particular situation of the company also raises specific questions around responsible gambling and addiction, and fraud, in a macroeconomic context marked by uncertainties.

Initial public offering - IPO - Privatization - Pact law - Monopoly - Governance - Price range - OPO - Guaranteed investment

Students : Master

Gambling and betting activities

- Case examen
- Illustrative case of an IPO
- PPT: Debriefing (25 slides)

Année de la problématique : 2020

Livraison : Livraison par lien de téléchargement

Nombre de pages : 17 avec 12 page(s) annexe(s)

Temps d'utilisation : plus de 3 heures

Code du secteur d'activité : 92 - Activités récréatives, culturelles et sportives