On Tuesday, Italian Exhibition Group, the trade show operator that originated from the merger of Fiera di Vicenza and Rimini Fiera in 2016, got the green light from the Italian Stock Exchange to proceed with its public listing.
Following the approval, on Wednesday, IEG kicked off its road show, which is set to end on Dec. 4.
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.
The company’s stock exchange listing project was boosted by former vice president Matteo Marzotto, who exited IEG earlier this month.