MILAN (AFX) - The initial public offering of Assicurazioni Generali SpA's financial adviser and asset management unit Banca Generali SpA was priced at 6.50-8.50 eur per share, valuing the company at between 723.5-946.2 mln, according to an advertisement published in newspapers.
The subscription period for the IPO runs Nov 2-10 and the global coordinators are Mediobanca SpA and and Goldman Sachs International.
About 28 pct of Banca Generali's capital will be floated on the market, but the percentage could rise to 32 pct if an over-allotment option is exercised. philip.webster@afxnews.com pw/abr COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited