Blackstone-Backed Casino Firm Finishes Flat in Spain Debut

Cirsa Enterprises SA shares closed in-line with the offer price in its Spain debut on Wednesday, a steady start to trading for the company that’s key to setting the tone for European offerings after the summer quiet period.

Shares of the Blackstone Inc.-backed company opened at €16 ($18.73), 6.7% higher than its offering price of €15 each. Shares erased those gains to trade as low as €15, where it closed.