FRANKFURT May 22 Shares of German automotive
and industrial supplier Stabilus will likely be sold
at the middle of a 19 euros ($25.96) to 25 euros per share price
range in its market debut on May 23, two sources familiar with
the matter said on Thursday.
"The price guidance given to investors is 21.50 euros," one
of the sources said.
Stabilus, whose gas springs and hydraulic dampers are used
to define how fast a trunk lid opens or to individually adjust
the height of a swivel chair, is planning to use the proceeds of
roughly 260 million euros to pay down debt.
The market debut is planned for Friday, May 23.
($1 = 0.7318 Euros)
(Reporting by Arno Schuetze; Editing by Marilyn Gerlach)