May 15, 2015 / 7:12 PM / 2 years ago

Italian coffee maker Zanetti prices May listing

MILAN, May 15 (Reuters) - Italian coffee company Massimo Zanetti Beverage Group will offer up to 11 million new and existing shares at between 11.60-15.75 euros each in an initial public offering that starts on Monday, it said on Friday.

In a statement, Massimo Zanetti said market regulator Consob had approved the Milan listing which values the company at between up to 441.0 million euros ($505.1 million).

After the IPO, which runs until May 28, Massimo Zanetti will have a free float of up to 32.1 percent before the exercise of a greenshoe option, it said.

$1 = 0.8731 euros Reporting by Danilo Masoni; editing by Agnieszka Flak

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below