Solairedirect sets price range for IPO

April 16, 2015 5:50 AM

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PARIS, April 16 (Reuters) - Solar energy provider Solairedirect set an indicative price range for its initial public offering of 16-21.50 euros a share on Thursday, implying a market capitalisation of 386 million euros ($412 million) based on the mid-point.

The subscription period will run from Thursday until April 28 for the French offering and April 29 for the international offering, the company said in a statement. Trading on Euronext Paris is expected to begin on April 30.

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