By Giulia Petroni 
 

Mister Spex SE said Tuesday that it has set the price range for its planned initial public offering at between 23 euros and 27 euros ($27.41-$32.18) per share, implying a market capitalization of around EUR763 million-EUR895 million.

The Berlin-based eyewear retailer said the offering consists of up to 15 million shares, 9.8 million of which from a capital increase.

The aim is to raise gross proceeds between EUR225 million and EUR264 million to accelerate the company's growth strategy and international expansion, as well as to repay certain debts.

Mister Spex said the offer period is expected to begin on June 23 and end on June 30. The first day of trading on the Frankfurt Stock Exchange should be on July 2.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

June 22, 2021 02:59 ET (06:59 GMT)

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