SMCP heads for €1.57bn valuation as its IPO closes
The €549m IPO of SMCP, the French fashion group, is set to be priced at €22 a share, valuing the business at €1.57bn.
On Thursday morning, the leads said that orders below €22 would miss out and that the books would close at 11am.That means the deal is coming at the bottom of the revised €22 to €22.50 range, and in the bottom half of the initial €20 to €25 ...
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