By  on June 24, 2011

MILAN — Salvatore Ferragamo SpA on Thursday priced its initial public offering in the midrange of its price guidance, setting each share at 9 euros, or $13 at current exchange, in a flotation that values the company at 1.5 billion euros, or $2.1 billion.

The Florence-based luxury house was offering shares ranging from 8 euros to 10.50 euros, or $11.50 to $15.10. Ferragamo plans to float about 25 percent of its stock on the Milan Stock Exchange, in a deal worth 379 million euros, or $545.2 million. The listing will take place June 29.

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