MILAN, May 2 (Reuters) - Italian Design Brands (IDB), a
hub of Italian furniture and design companies, on Tuesday priced
shares of its initial public offering (IPO) at 10.88 euros.
The company said it would launch the offer by mid-May and
will have a market capitalisation of 293 million euros ($321.98
million).
The free float will equal 27.5% of the company's share
capital, including a full exercise of the greenshoe option, it
said.
($1 = 0.9100 euros)
(Reporting by Gianluca Semeraro
Editing by David Goodman)
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