Consob has approved Poste Italiane's prospectus for listing on the Stock Exchange. This was the last expected green light: at this point the road show can start.
The date scheduled forlaunch of the IPO (which will last two weeks) is expected to be Tuesday 12 October. The free float should be equal to 40% of the company's capital: of the market share, 70% will go to institutional investors and 30% to retail.
The valuation of Poste, according to the banks that deal with the placement, fluctuates between 8 and 12 billion. The quotation should arrive between the end of the month and the beginning of November.
