Concentrated allocations for Cucinelli as IPO book 17x covered
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Concentrated allocations for Cucinelli as IPO book 17x covered

Italian fashion firm Brunello Cucinelli allocated stock to only around one fifth of the 250 investors that put in orders in a 17 times oversubscribed, €158m, Milan IPO. The deal was priced at €7.75 a share on Monday, the top of the €6.75-€7.75 range.

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