Italy's Technoprobe aims for market cap of up to 4 billion euros in IPO - sources

MILAN : Italian microelectronics company Technoprobe aims for a market value of up to 4 billion euros in its initial public offering on the Milan stock exchange, two sources close to the matter said on Tuesday.

The group, which is the world's second-largest manufacturer of so-called probe cards used for the functioning of chips, said earlier on Tuesday it planned to launch the share offering by the end of the first quarter, aiming for a free float of around 20per cent post listing. The group reported revenues of 329.5 million euros in 2020 with a core profit of around 159 million euros.

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