Gold Dealer’s Owner Said to Seek up to €500 Million in Milan IPO

Gens Aurea SpA is gearing up for an initial public offering that could raise between €300 million ($351.3 million) and €500 million, according to people familiar with the matter, in what could be Milan’s largest first-time share sale in three years.

The cash-for-gold trader and its majority owner DVC Partners are considering launching an offering as soon as the coming months, the people said, who asked not be identified because the discussions are private. The offering may not raise any new funds for the company, with only shareholders selling shares, they said.