Intercos Group IPO Values Firm at 1.2 Billion Euros - NewsBreak

MILAN – Intercos Group has successfully concluded its offering period and is gearing up for its first day of trading on the Italian Bourse on Nov. 2. Based on the offering price for the shares, which has been set at 12.50 euros, the total value of the transaction amounted approximately to 350 million euros and the company's capitalization at the start of trading will be about 1.19 billion euros. This includes 44 million euros of capital increase, whose net proceeds will be used to support the implementation of the cosmetics manufacturer's strategic goals.