Italy's Lottomatica says IPO priced at 9 euros, bottom of range
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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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