Italian gaming group Sisal is to offer up to 77.5 million ordinary shares in its initial public offering on the Italian Stock Exchange at a price of Euros 6.3 to Euros 7.7 per share, reports the Reuters news agency.
The offer, which will include a share issue, would amount to 59.16 percent of the company’s capital, Sisal management said in a statement.
Before the share issue, the price range would value the company in the range Euros 645-790 million euros ($880 million-$1.08 billion), it added.
Apax Partners LLP and Permira Advisers LLP own 36.4 percent of Sisal, and began investor meetings for a Milan listing last week. The IPO could raise Euros 400 million to 500 million, insiders said.