MILAN, April 28 (Reuters) - Italian gambling firm
Lottomatica said on Friday it priced shares in its initial
public offering (IPO) at 9 euros, at the bottom of its target
range.
The company, backed by Apollo Global Management ,
said it would debut on the Milan Stock Exchange on May 3 with a
market capitalization of 2.265 billion euros ($2.49 billion).
The free float will be equal to 26.5% of the share capital,
but it could rise to 30.5% in case of full exercise of the
greenshoe option.
(Reporting by Elisa Anzolin, editing Federico Maccioni)
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