October 24, 2019 / 4:15 PM / 20 days ago

IPO of Italian food group Newlat ends successfully

MILAN, Oct 24 (Reuters) - Italian food group Newlat sold 12.7 million shares, completing with success its initial public offering after cutting its initial size.

The group, which owns a portfolio of brands including dairy label Optimus, set a price of 5.8 euros a piece for its shares, at the low end of a 5.8-7.3 euro-per-share range. (Reporting by Francesca Landini, editing by Giulia Segreti)

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