Italy’s Nexi SpA plans to list shares on the Milan exchange in an offering that’s expected to value the company at as much as 8.1 billion euros ($9.1 billion), defying a lackluster IPO market in Europe.
The payment-service company plans to offer shares in a range between 8.50 euros and 10.35 euros, it said in an emailed statement March 26. That would give Nexi an enterprise value from 7.1 billion euros to 8.1 billion euros, including the firm’s debt; the equity value would be between 5.4 billion euros to 6.4 billion euros.
Nexi plans to issue a mix of existing ...
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