Italy's Moleskine narrows IPO price range -source

MILAN, March 26 Tue Mar 26, 2013 11:07am EDT

MILAN, March 26 (Reuters) - The price range of Italy's Moleskine initial share offering (IPO) has been narrowed towards the middle of the previous range, according to a source close to the offer.

"The guidance is between 2.2 and 2.4 euros per share," the source said.

The initial range was between 2.00 and 2.65 euros per share, valuing the company at up to 560 million euros ($721.4 million).

Order books on the listing, being run by Goldman Sachs , Mediobanca and UBS, are expected to close on March 27, with the company making its market debut on April 3.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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