Martifer, the construction unit of Portuguese conglomerate Mota Engil, has set the price for the institutional tranche of its Initial Public Offering (IPO) at EUR 8.00 per share - the higher end of the EUR 6.5-8.0 share range outlined in the first IPO notice. Martifer is offering about 18.75 million shares to institutional investors and an additional 6.25 million shares to small investors and employees. The company is expected to raise about EUR 200 mln through the listing of 25% of its share capital, which gives it a market capitalisation of about EUR 800 mln.
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