German car parts maker Novem seeks $980 mln valuation in flotation
FRANKFURT, July 8 (Reuters) - German car interiors supplier Novem is offering shares at 16.50-19.50 euros apiece in a stock market flotation valuing the company at up to 830 million euros ($979.7 million), it said on Thursday.
The company is offering up to 17.3 million shares in a private placement, targeting a post-deal free float of up to 40%, provided an upsize option and an overallotment option are exercised. ($1 = 0.8472 euros) (Reporting by Arno Schuetze Editing by David Goodman )
