Italy's De Nora IPO priced at 13.50 eur/share, co valued 2.7 bln euros
28/06/2022 07:15
MILAN, June 28 (Reuters) - Italy's Industrie De Nora
IPO-DENR.MI said on Tuesday it had set a price of 13.50 euros
per shares for its initial public offering (IPO), valuing the
electrode maker a total of 2.723 billion euros ($2.88 billion).
De Nora's IPO is the first successful listing on the main
market of the Milan bourse since Russia's invasion of Ukraine in
February at a time when several groups in Europe have decided to
postpone their IPO plans due to market volatility.
Orders for De Nora's share sale were 3.5 times the offer,
the company said in a statement.
($1 = 0.9460 euros)
(Reporting by Francesca Landini, Cristina Carlevaro, editing by
Giulia Segreti)
((francesca.landini@thomsonreuters.com; +39 02 66129437;
Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))