CORRECTED - Germany's DEVIL sets IPO price range at 6-9 eur/shr
(Corrects price range in headline to 6-9 eur/shr)
FRANKFURT, May 8 (Reuters) - German IT distributor DEVIL AG set a bookbuilding range of 6.0-9.0 euros per share for its initial public offering of up to 2.85 million shares.
The subscription period begins on Thursday and ends on May 14. The IPO is lead-managed by quirin bank AG.
DEVIL's main owner is Dutch information technology company Tulip Computers (TULN.AS), which has said it wants to spend the IPO proceeds on increasing DEVIL's product line and client base.
If the IPO is fully subscribed, DEVIL's free float would be 38 percent. The shares are expected to start trading on the Frankfurt stock exchange on May 20, DEVIL said in a statement. (Reporting by Peter Starck; Editing by David Cowell)
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