Bookrunners for Vantage Towers IPO narrow range to 24-25 euros a share | Reuters

The bookrunners for the flotation of Vodafone’s Vantage Towers narrowed the price range to 24-25 euros per share on Tuesday, adding that the book was covered through the new range and it would close on Wednesday at 1300 GMT.

Earlier this month, the UK-based operator set the price range for the listing on the Frankfurt Stock Exchange at 22.50 to 29 euros per share, implying a total market capitalisation of up to 14.7 billion euros. (Reporting by Paul Sandle; Editing by Kate Holton)

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