Cirsa Enterprises SA (Ticker: CIRSA SM) is a Spanish casino and gaming hall operator backed by Blackstone. The company plans to list on the Spanish Stock Exchange on July 9, 2025, offering shares at a fixed price of €15.00. The deal aims to raise approximately €454.5 million (about USD 535 million), targeting a valuation of €2.5 billion (approximately USD 3 billion). The IPO consists mainly of new shares, with a smaller secondary offering from a Blackstone-controlled entity. According to reports, the bulk of the proceeds from the primary offering will be used to pay down corporate debt and accelerate its growth strategy.