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Reports indicate that Giochi Preziosi wants to list on the Milan Stock Exchange

Published on: October 7th, 2019

Giochi Preziosi is controlled by Italian entrepreneur Enrico Preziosi, who owns the Genoa football club.

Italy’s biggest toy maker Giochi Preziosi is working to list on the Milan Stock Exchange in the first half of 2020 after delaying the offering so it could acquire Spanish rival Famosa, according to two sources close to the matter.

The initial public offering was expected in the first half of 2019 but was postponed due to the acquisitions of Famosa and smaller Italian plush toy maker Trudi, the sources said.

According to one source, Giochi Preziosi could be valued at around €700m while the share offering could be worth some €250m.

After buying Famosa in July, Giochi Preziosi now expects sales of around €700m ($769m) and core profit (EBITDA) of around €100m this year. That compares to sales of €403m and an EBITDA of €57m euros last year.

Giochi Preziosi, known for its Gormiti figures and Cicciobello dolls, has picked Banca Akros, Banca Imi, Barclays and Jefferies as bookrunners, while Rothschild is the financial adviser, the two sources added.

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