PARIS Nov 11 Private equity-backed French
flooring maker Tarkett will price a planned stock market listing
in Paris in a range of 27.75 euros and 33.90 euros a share, the
company said on Monday.
Last month, Tarkett submitted a registration filing for an
initial public offering in which it said U.S. private equity
firm KKR, which owns 50 percent of the company, would
sell part of its stake.
The size of the IPO will be up to 539.7 million euros ($721
million) for 15,918.765 shares, sold by KKR, and the shares will
start trading on Nov 22, the company said in a statement.
The size of the offering will represent about 25 percent of
the company, and will value the group overall at up to 2.17
billion euros, the company said during a conference call.
Deutsche Bank and JP Morgan are acting as
joint global coordinators and joint bookrunners, while Bank of
America Merrill Lynch, Credit Agricole and
HSBC are acting as joint bookrunners and Commerzbank
as co-lead manager.