The Moleskine offer ended with great success for listing on Piazza Affari. Demand exceeded supply by 3,6 times within the indicative range. The start of negotiations is scheduled for April 3rd. A week ago, March 21st, the whole book has been covered.
The final price was set at € 2,30 per share (as anticipated by market sources to Reuters this morning). At these prices, the notebook company is valued at nearly half a billion, or 487,6 million euros.
"The demand has an extremely high quality rate, thanks to the very shrewd marketing that began in May of last year," said a source close to the placement. “The vast majority of the book (85-90%)” – continued the source “is made up of long only investors”.
40% of the demand came from Italy and Great Britain, 20% from the United States, while the remaining 40% was covered by the rest of the world, "with about 5% from Asia".
