PARIS, June 10 (Reuters) - Stock market operator Euronext aims to raise between 880 million euros ($1.23 billion) and 1.158 billion euros in an initial public offering, it said on Tuesday, valuing it at up to 1.75 billion euros ($2.45 billion).
Euronext said it expected its IPO to be priced at 19-25 euros per share.
Euronext’s parent Intercontinental Exchange Inc will offer up to 60.15 percent of the capital of the company. A group of institutional will take a 33.36 percent stake in the market operator at a 4 percent discount to the IPO price.
In addition, certain institutional investors have committed to purchase 2 percent of the shares of IPO price.
Reporting by Maya Nikolaeva; editing by Blaise Robinson