Tile maker IPO for Permira

Marazzi, the Italian tile maker, is expected to IPO in February with a market value of up to EUR 1.25bn. The company is owned by the Marazzi family and Permira, which holds a 33% interest in the firm. The family is expected to hold around 50% of the company’s shares following the flotation, which is being run by Morgan Stanley and Mediobanca. Shares are expected to start trading on 15 February at EUR 10.25-13 each.