Italtel encouraged as Eu210m Nice IPO gets top pricing

18 May 2006

Nice, the Italian home automation group, overcame a choppy secondary market in the final stages of bookbuilding to price its Eu210m IPO at the top of the range late on Tuesday evening, 15 times subscribed.

The success of the deal, led by Mediobanca and Merrill Lynch, bodes well for ...

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