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ARTICLE | Financial News

Philogen sets IPO range

February 11, 2011 2:18 AM UTC

Philogen S.p.A. (Siena, Italy) said it plans to raise up to EUR 65.3 million ($88.9 million) through the sale of up to 10.7 million shares at EUR 4.75-EUR 6.10 in an IPO on the Milan Stock Exchange. Philogen said the range values the company before the IPO at EUR 170.9-EUR 219.5 million ($232.6-$298.8 million). Banca IMI and UBS are underwriters. ...