(ANSA) - MILAN, NOVEMBER 16 - The first day of listing in Piazza Affari of Ariston, the group that produces boilers controlled by the Merloni family, is expected on November 26. The indicative price of the shares subject to the ipo has been set in a range between 10.25 and 12 euros, which implies a capitalization of between 3.375 and 3.9 billion euros following the offer. This was announced by Ariston Holding in the note announcing the admission to listing on Euronext Milan. The offer period, reserved for institutional investors, will start on Thursday 18th and will end on November 24th, unless the offer is closed early. The offer will consist of a placement of newly issued shares. from which the company expects to raise around 300 million euros to devote to organic growth and acquisitions,and in that of a maximum of 49 million shares by the current shareholders Merloni Holding and Amaranta, who will collect between 502 and 588 million and will grant Mediobanca, as the manager in charge of stabilizing the stock, an over allotment option for the purchase of an additional 11 million shares.
"The price range for the offer implies a market capitalization of between 3.375 and 3.9 billion euros, which we believe witnesses the success of our group so far, based on solid market fundamentals, of our global profile in the heating sector. and domestic hot water, our portfolio of renewable and highly efficient products and services, our proven organic growth and our solid M&A track record, "commented Paolo Merloni, executive president of Ariston group.
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