MILAN, April 10 Italy's Anima Holding is set to
price its initial public offering at 4.20-4.25 euros per share,
the top of a revised range, valuing the asset manager at 1.26
billion euros ($1.75 billion), three market sources said on
"It should be priced at the top of the range," one of the
sources told Reuters.
Anima, which narrowed the IPO price range to 4-4.25 euros
from 3.5-4.5 euros on Wednesday, declined to comment.
A price of 4.25 euros would allow existing shareholders
Clessidra, Monte dei Paschi, Popolare di Milano
and Prima Holding, which are selling down part of
their stakes in the IPO, to raise around 700 million euros.
Anima is due to start trading on the Milan stock exchange on
April 16. Goldman Sachs, UBS, Banca IMI
and UniCredit are arranging the deal to list
up to 55 percent of the company.
($1 = 0.7204 Euros)
(Reporting by Elisa Anzolin, writing by Danilo Masoni, editing
by Isla Binnie)