Private equity-backed Moleskine to float at €2.30 per share

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stocks2_lrgPrivate equity-backed notebook maker Moleskine is set to float on Borsa Italiana’s Electronic Stock Market on April 3 after successfully completing its IPO.

The company, which is part-owned by private equity firm Syntegra, plans to list at a price of €2.30 per share, roughly in the middle of its initially proposed range of €2 to €2.65.

That price would value Moleskine at up to €560m. It said the demand covered the total offer more than 3.6 times.

Last week it was reported that Moleskine had found indicative buyers for all of its IPO shares and had enough offers to float at €2 per share.

It said the books were covered only three days after the prospectus was launched.

The Financial Times noted at that time that  there had been a number of successful floats over the past months including Russian communications group MegaFon and its German peer Telefónica Deutschland.

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