VicenzaOro

On Thursday, Italian Exhibition Group, the trade show organizer originating from the merging of Fiera di Vicenza and Rimini Fiera in 2016, got approval from Consob, Italy’s equivalent of the Securities and Exchange Commission, to proceed with its public listing.

This approval, allowing IEG to kick off its road show ending Dec. 4, follows the green light the fashion company received from the Italian Stock Exchange on Tuesday.

As reported, IEG’s selling partners — Rimini Congressi Srl and Salini Impregilo SpA — along with global coordinators Intermonte SIM SpA and Equita SIM SpA, set the price per share between 3.70 euros and 4.20 euros, corresponding to a post-money equity value spanning from 128.3 million euros to 145.6 million euros.

IEG’s first day of trading on the Milan Stock Exchange is expected to be Dec. 6.

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