The price range is set at 7.40 to 9.00 euros per share, valuing the company at 1.9 to 2.3 billion euros, it said.
Pirelli is selling 90 million Pirelli Tyre shares in the global offering, representing 35% of the capital.
The long-awaited share offering falls short of the 1 billion euros previously expected by Milan’s financial sector.
Various news reports also stated that Pirelli plans to sell 400 million euros of unspecified financial assets by the end of the year.
From Wire Reports