MILAN — Italy’s stock market regulator Consob has approved Intercos’ debut on the Italian Stock Exchange, following the cosmetics firm’s announcement Monday that its roadshow was underway.


Intercos, which develops and produces high-tech, fashion-savvy cosmetics for leading international brands, is set to list on the STAR segment for small companies.


The firm employs more than 3,500 people worldwide, more than 15 percent of them focused on cosmetics innovation. In recent years, Intercos has ramped up its skin-care offering, added a nail line, explored new makeup delivery systems and expanded its presence in Asia. The company has ambitious plans for boosting sales: By 2016, Intercos expects to hit sales of 500 million euros, or $630.7 million at current exchange.


The roadshow will run through Oct. 9 and is open to institutional investors only. Intercos is offering 48.42 million ordinary shares — 44.18 percent of its total post-offering capital — of which 18,280,130 will be newly issued. The remainder will be offered through two firms, Dafe 3000 Srl and Dafe 5000 Srl, both controlled by Intercos president Dario Ferrari, who founded the business in 1972.


Dafe 3000 Srl will allow Intercos’ joint global coordinators and book runners a Greenshoe option for a maximum of 4,842,000 extra shares, to be exercised within 30 days of the cosmetics company’s listing on the exchange. If all extra shares are snapped up, they would bring the total to 53,262,000, or 48.6 percent of Intercos’ share capital.


The indicative price range of Intercos’ capital before the share capital increase is between 319.6 million euros and 410.9 million euros, or $402.5 million and $518.3 million. Non-binding prices range from about 3.50 euros to 4.50 euros per share, or $4.40 to $5.50. Assuming all shares are placed, the company’s capitalization will range between 384 million euros and 493.2 million euros, or $484 million and $621.7 million.


Intercos is expected to make its entrance on the bourse on Oct. 15.

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