French interior design chain Maisons du Monde hopes to attract 325 to 385 million euro with its IPO. If it decides to release additional shares, it could even be 440 million euro.
Founder Xavier Marie and Bain Capital's shares will bring in about 225 million euro. The investment firm currently has 93 % of all shares and will also remain the company's biggest shareholder after the IPO. Maisons du Monde will also sell about 160 million euros' worth of new shares, to lower the company's debt.
Only a day before its official IPO on 27 May, the final price for the share will be revealed although the company targets 16.5 to 22.5 euro per share.
Maisons du Monde announced last month it was preparing an IPO, with all funds going towards the company's international expansion.
The chain, founded in 1996, has been Bain Capital's property since 2013. It paid 680 million euro to acquire the chain from LBO France and Apax Partners.