Czech – Karel Komarek evaluating IPO for Sazka to ‘lock in record valuations’

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Karel Komarek

Sazka Group may be considering reviving plans for an initial public offering.

According to Bloomberg, Czech billionaire Karel Komarek’s holding company KKCG Group AS is discussing an IPO of Sazka on the London Stock Exchange for the second half of this year in order to “lock in record valuations.”

According to Bloomberg, “Sazka would join a flurry of other firms seeking to go public as confidence returns after the pandemic’s early shocks and companies seek to capitalize on strong stock market valuations.”

IPOs on European exchanges have raised more than $58 billion this year. It is a nearly sevenfold increase over the same period in 2020. No final decisions have been made, and KKCG may still postpone the offering. Sazka announced in 2017 that it hired banks to prepare for a potential share sale in London to fund expansions. It has since grown, with a late-2019 agreement to take control of an Austrian casino and lottery operator.”

 

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