(Adds more detail)
PARIS, June 16 Worldline, a provider of
electronic payment and transaction services, on Monday set the
price range for its 610 million euro ($830.52 million) stock
market listing on Euronext in Paris at between 16.4 and 20 euros
Worldline, part of French IT firm Atos, makes
software and offers services to companies that want to do
Worldline said it would use part of the proceeds from the
listing to repay money borrowed from the Atos Group. It will use
the rest of the net proceeds for general corporate purposes and
for pursuing organic growth and external growth opportunities,
Worldline said the offer consists of about 255 million euros
of newly issued shares and about 355 million euros existing
shares being sold by Atos.
Subscriptions for the French public offering will close on
June 25 at 1700 Paris time, subscriptions for the international
offering on June 26 at 1300. Pricing for the global offering is
expected to take place on June 26. Trading on Euronext Paris is
expected to start on June 27.
($1 = 0.7345 Euros)
(Reporting by Geert De Clercq, Cyril Altmeyer and Leila Abboud.
Editing by Jane Merriman)