Friday June 27, 08:35 AM
Kedrion sets IPO price range of 9.5-12.0 euro per share, will debut July 16
MILAN (Thomson Financial) - Italy's blood plasma company Kedrion SpA said it has set a price range of 9.5 to 12.0 euros per share for its initial public offering.
In an advertisement in the Sole 24 Ore newspaper, Kedrion said
that the capitalisation of the company on the basis of the maximum price in the price range would be 703 million euros.
It said that also on the basis of the maximum price Kedrion will raise 217 million euros from the issuance of new shares.
Kedrion said the IPO will offer up to 18.655 million shares, of which 6.5 million will be new shares and that it will offer up to 1.86 million shares in a greenshoe option.
The retail offer runs from July 2 to July 10, Kedrion said, with the final price to be set by July 12.
Kedrion shares are expected to start trading on July 16.
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