Deals
Italy’s Nexi Will File for Up to $3.1 Billion Milan IPO in April
- Company is said to seek as much as $3.1 billion in offering
- Timetable would see listing completed before EU elections
Te Porta Nuova district in Milan, on March 14, 2018.
Photographer: Miguel Medina/AFP via Getty ImagesThis article is for subscribers only.
Italy’s Nexi SpA plans to list shares on the Milan exchange in an offering expected to be the world’s biggest so far this year, as payment service companies test investor appetite in Europe’s lackluster IPO market.
Nexi plans to issue a mix of existing and new shares by the end of April, it said in a statement Monday. The target is to raise as much as 2.7 billion euros ($3.1 billion), according to people familiar with the plan, who said the company wants to complete its listing before European Parliament elections in May.