The IPO (Initial Public Offering) market of the world has been changing rapidly, and we think that the countries now realize the potential of the government-owned assets to be privatized and held as IPOs at the markets to rake in massive cash and investments that they could not if they were government-owned firms. One perfect example has been from India, where the government-owned railway subsidiary called IRCTC launched its IPO this year and has seen the growth of 200 percent almost and has raked in massive investments and capital for the government.
It seems like France is about to do the same as the nation has been looking to raise some money for the innovation fund that it has been preparing and pushing, which has been the brainchild of the President Emmanuel Macron’s pro-business approach of the government. The president has been the first to kick off such a massive wave of privatization in the markets, and he has been doing this to promote the finance technology investments, which are going to change the future of finances in the nation as well as the world. Finance Minister Bruno Le Maire confirmed on Wednesday that the IPO for the national lottery operator which the French government will bank 1.8 billion euros ($2 billion) from selling down its stakes, was priced at 19.90 euros per share for institutional investors
So with this IPO, there will be significant changes in the French markets, and we will see more such efforts from the government to change the scene of the nation’s markets.
Tags : France , IPO, IRCTC , Emmanuel Macron’s, Bruno Le Maire,