Labco launches IPO worth up to 545 mln eur

April 29, 2015 6:58 AM

9 0

PARIS, April 29 (Reuters) - European medical diagnostic services company Labco launched its initial public offering on Wednesday as it looks to cut debt and boost its financial firepower for acquisitions.

The company set a price range of between 7 and 9 euros for the listing on Euronext Paris, implying an offer size of up to 545 million euros ($598 million) if a 15 percent over-allotment option is fully used.

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