MILAN (Reuters) -Italy’s Technoprobe said on Thursday it would price its shares between 5.40 and 6.30 euros each in an initial public offering valuing the microelectronics company at up to 3.8 billion euros ($4.35 billion).
The offering is expected to run between Feb. 4 and Feb. 14, with the start of trading provisionally set for Feb. 17, according to a memo sent to investors by one of the global coordinators and seen by Reuters on Friday.
The company, one of the world largest manufacturers of so-called probe cards used for testing non-memory chips, said it would float 20.8% of its share capital on Euronext Growth Milan.
The family-owned group said the offer would consist of 25,000,000 new shares and 88,000,000 shares currently held by the Crippa family.
Mediobanca and Intesa Sanpaolo will act as joint global coordinators and joint bookrunners for the listing.
($1 = 0.8740 euros)
(Reporting by Elisa Anzolin and Federico Maccioni; Editing by Kirsten Donovan and Agnieszka Flak)
