Novagali sets IPO range

Novagali S.A. (Evry, France) said it plans to raise EUR 22 million ($27.2 million) through the sale of up to 3.8 million shares at EUR 5.80-EUR 6.80 in its IPO on Euronext Paris. If sold at the midpoint of EUR 6.30, the company would be valued at EUR 83.5 million ($103.3 million) based on 13.3 million shares outstanding. Existing investors Edmond de Rothschild Investment Partners; IDInvest Partners; Auriga Partners; FCJE, Siparex/Sigefi; 123 Venture; and Bernard Chauvin have committed to invest EUR 9.2 million ($11.3 million). ...