April 11, 2019 / 3:00 PM / 2 months ago

Banks in Italy's Nexi IPO set price at 9 euros/share - sources

MILAN, April 11 (Reuters) - The banks organising the initial public offering of Italy’s payments group Nexi have set a price of 9 euros per share, sources close to the transaction said, with the final price subject to approval by a board meeting later on Thursday.

The price range for the IPO had been narrowed to between 9 and 9.5 euros per share from an initial range of between 8.50 and 10.35 euros per share.

Reporting by Andrea Mandala and Stephen Jewkes; writing by Francesca Landini

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