Australia's Nine IPO to give company market cap of A$1.9 billion

Reuters

SYDNEY, Dec 4 (Reuters) - Australia's Nine Entertainment said on Wednesday its initial public offering willgive the company a market capitalisation of A$1.9 billion ($1.74billion), after it issued shares at A$2.05, the bottom end ofits indicative price range.

One of Australia's best known media firms, Nine had offered131 million new shares at an indicative price range of A$2.05 toA$2.35 a share, raising A$670 million. Nine's listing is set forDec. 6.

$1 = 1.0946 Australian dollars)

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