December 4, 2017 / 4:27 PM / in 11 days

Italy's Gamenet places 35 percent of capital in IPO

MILAN, Dec 4 (Reuters) - ITALY‘S BETTING COMPANY GAMENET:

* IPO PRICE SET AT 7.50 EUROS PER SHARE, LOWER THAN MINIMUM VALUE OF INDICATIVE PRICE RANGE

* SHARES TO START TRADING ON DEC. 6

* SHARE PRICE IMPLIES COMPANY MARKET VALUE OF 225 MLN EUROS

* PLACED 35 PERCENT OF CAPITAL IN IPO, WITH 52 INVESTORS

* TCP AND ITALY‘S INTRALOT WILL HAVE, RESPECTIVELY, 45 PERCENT AND 20 PERCENT OF COMPANY SHARES, ASSUMING FULL EXERCISE OF GREENSHOE OPTION. (Reporting by Francesca Landini)

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