Besson sets price for IPO

Listing planned for July

PARIS — Luc Besson’s EuropaCorp moved ahead with its IPO Tuesday, setting a price range for its stock market listing with a view to raising more than Euros 70 million ($94.2 million).

EuropaCorp said it will issue 5 million shares at Euros 14- Euros 16.25 ($18.8-$21.8) per share, repping a 24.5%-26.3% stake in the company. The price will be fixed Jul. 4 and trading on the Euronext market will begin Jul. 6.

The float, in which ABN AMRO Rothschild and Lazard-Nateix are advising EuropaCorp, values the company at around Euros 316 million ($425.5m).

Helmer of such pics as “Le Grand Bleu” and “The Fifth Element,” Besson controls EuropaCorp via his holding company Front Line, which holds 73%. His partner Pierre Ange Le Pogam owns 16%.

Company made a net profit of Euros 8.2 million ($11.04m) in the financial year ending March 31, on revenues of Euros 158.7 million ($213.7m)

In seven years, EuropaCorp has produced or co-produced 45 films ranging from the hit “Taxi” franchise to “Tell No One,” Guillaume Canet’s prize-winning adaptation of a Harlan Coben thriller, and the animated kids film “Arthur and the Invisibles,” which has grossed $107 million worldwide.

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