Tarkett prices IPO at 27.75-33.90 eur per share


PARIS, Nov 11 (Reuters) - Private equity-backed Frenchflooring maker Tarkett will price a planned stock market listingin Paris in a range of 27.75 euros and 33.90 euros a share, thecompany said on Monday.

Last month, Tarkett submitted a registration filing for aninitial public offering in which it said U.S. private equityfirm KKR, which owns 50 percent of the company, wouldsell part of its stake.

The size of the IPO will be up to 539.7 million euros ($721million) for 15,918.765 shares, sold by KKR, and the shares willstart trading on Nov 22, the company said in a statement.

The size of the offering will represent about 25 percent ofthe company, and will value the group overall at up to 2.17billion euros, the company said during a conference call.

Deutsche Bank and JP Morgan are acting asjoint global coordinators and joint bookrunners, while Bank ofAmerica Merrill Lynch, Credit Agricole andHSBC are acting as joint bookrunners and Commerzbank as co-lead manager.

View Comments (0)