Italy's Philogen sets IPO price range at between 15-18 euros/shr

ROME, Feb 16 (Reuters) - Italian-Swiss biotechnology company Philogen said on Tuesday it had set an indicative price range for its initial public offering of between 15-18 euros per share.

The company said earlier this month it planned to offer up to 4,061,111 new shares - or 10% of its capital - in an IPO expected in the first quarter of 2021.

The price range values the whole of the company, including the planned capital increase, at between 609-731 million euros ($740-888 million), it added in a statement.

($1 = 0.8230 euros)

(Reporting by Francesca Piscioneri; editing by Agnieszka Flak)

((francesca.piscioneri@tr.com; +390680307713;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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