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Coima Res extends offer period for IPO

Italianproperty firm COIMA RES S.p.A.extended the offer period for its IPO to until April 8 from the scheduled April1 closing.

The company'splanned listing on the Mercato Telematico Azionario will close at 2 p.m., localtime, subject to potential acceleration. Borsa Italiana SpA serves as theorganizer and manager of the IPO, according to an April 1 press release.

Consequently,the extended offer period will set the settlement date for the company'sordinary shares to April 13.

Coima Resoriginally intended the IPO to run between March 18 and April 1, with theinstitutional placement between March 17 and April 1. It planned to offer atleast 30 million new shares at €10 apiece, with proceeds slated to be used forthe acquisition of Vodafone Village complex in Milan and to implement itsinvestment strategy, according to a previous report.