October 17, 2019 / 4:31 PM / 2 months ago

Italy's RCF puts IPO on hold: sources

MILAN (Reuters) - Italy’s RCF, a professional audio equipment maker, has put on hold its plan to list its shares on the Milan bourse, two sources close to the matter said on Thursday.

Earlier this month RCF had set a price range of 1.15-1.45 euros per share in the initial public offering (IPO), valuing the company at between 448 million euros and 565 million euros ($628.45 million).

Reporting by Elisa Anzolin, writing by Giselda Vagnoni

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