Fincantieri IPO 'up to 1.2 bn euros' - update

(ANSA) - Rome, 13 - The June 16 initial public offering of shares in State-controlled shipbuilder Fincantieri will be worth between 969 million and 1.242 billion euros, the Milan bourse authority said Friday. The IPO, aimed at floating the group, comes out at a non-binding share price of 0.78 euros and a binding price of 1.00 euros, said the float prospectus approved by Consob.