London’s run of flotations continued into a new month, with the arrival of Winvia Entertainment PLC ,a lottery and gaming operator in the UK and Romania, after raising £40 million in a placing with institutional investors.

The shares were issued at a price of 195p apiece, which with 105,126,590 shares in admission, gave it a debut market capitalisation of £205 million.

A warm reception was reported for the placing, with the company saying it was “substantially oversubscribed” and “very strongly supported” by institutional investors, and the shares rose 7.7% to 210p the early dealings.  

Winvia is majority owned by Teddy Sagi, the billionaire founder of Playtech, whose Globe Invest family office vehicle bought Best of the Best Plc for £45.3 million in 2023.