FILA gains after Indian unit Doms files draft IPO papers

Misto Holdings

23/08/2023 11:49

** Shares in Italian stationery maker FILA  FILA.MI  rise
over 4% after its Indian unit Doms filed on Tuesday draft papers
for an initial public offering worth 12 billion rupees ($144.53
million)
    ** Doms will issue new shares worth 3.5 billion rupees,
while existing shareholders will sell shares worth 8.5 billion
rupees, the draft prospectus shows
    ** "The draft demonstrates that the project is continuing in
the expected timeframe," Kepler Cheuvreux analyst Niccolò Storer
says
    ** Doms' board approved an initial public offering back in
July 
    ** Including today's rise, the stock has gained 19.54% YTD
to 8.3 euros ($9.08), highest since August 2022



($1 = 0.9246 euros)

 (Reporting by Alessandro Parodi)
 ((alessandro.parodi@thomsonreuters.com))