The final price for the shares involved in the Pirelli IPO was set at 6,5 euros. The decision was announced in advance of the closure of the offer scheduled for Thursday at 13,30pm but since yesterday it had been known that the price range in which bookbuilding was closing was between 6,5 and 6,7 euros compared to an initial range of 6,3-8,3 euros.
The figure of 6,5 euros per share corresponds to a capitalization of 6,5 billion for Pirelli against the 7,4 billion of the delisting that took place two years ago. The group was expected re-enter the Stock Exchange on 4 October.
