MILAN, May 15 (Reuters) - Italian Design Brands (IDB), a
hub of Italian furniture and lighting companies, said on Monday
it had successfully closed its initial public offering.
IDB offered shares in its IPO at a fixed price of 10.88
euros, implying a market capitalisation of 293 million euros
($323 million).
The company, whose brands include Gervasoni furniture and
Davide Groppi lighting, will start trading in Milan on May 18.
($1 = 0.9084 euros)
(Reporting by Elisa Anzolin
Editing by Keith Weir)
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