June 8, 2020 / 7:28 PM / a month ago

Italian mask maker GVS says to seek up to 1.4 billion euro valuation in IPO

MILAN (Reuters) - Italy’s GVS said it would sell shares at between 7.0-8.3 euros each in an initial public offering in Milan, valuing the filter maker at up to 1.4 billion euros ($1.58 billion) after COVID-19 boosted demand for protective masks and filters for medical ventilators.

GVS said in a statement Capital Research and Management had committed to buying 9.3% of the offering.

Reporting by Valentina Za; editing by Jonathan Oatis

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