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De Nora was founded in 1923 and specializes in electrode and water treatment technologies.
Pavlo Gonchar | Lightrocket | Getty Images
The CEO of electrode maker Industrie De Nora says it is “not scared” about the current market turbulence as it braves an IPO this week.
The initial public offering was priced at 13.50 euros per share on Tuesday, valuing the Italian company at 2.723 billion euros, or $2.88 billion.
“It was the right time for us, we have a great equity story, so for us … it is the beginning of a new journey, and we are not scared about the current market turbulences,” CEO Paolo Dellacha told CNBC’s Julianna Tatelbaum. “We have an industrial plan to execute.”
The company is due…
Source cnbc.com
