French industrial and manufacturing company Delachaux has set the price range for its forthcoming stock market flotation at between 18.50-22.50 euros per share.
The final price for its initial public offering will be set on June 14, with the formal trading of the shares due to start on June 19.
The company said that the listing will enable it to reduce its debt and provide it with additional resources to finance its growth and strengthen its technological and geographic leadership.
BNP Paribas, Citigroup, Deutsche Bank, Credit Agricole, HSBC France and Societe Generale are the main banks involved in the Delachaux IPO.