Private equity-backed Tarkett would be pricing shares in its planned listing on the NYSE Euronext Exchange. The French multinational manufacturer of carpets, floorings and sports surfaces would be pricing shares between EUR 27.75 and EUR 33.90 per share. Last October, Tarkett filed for an initial public offering after US private equity firm KKR said it would sell part of its stake in the home materials firm. KKR owned a 50% interest in Tarkett.  

In a statement released to Reuters, Tarkett said the size of the IPO would be up to EUR 539.7 million (USD721 million) for 15,918.765 sold by KKR. The size of the IPO would account for 25% of the French company. It would also give Tarkett Group a valuation of up to EUR 2.17 billion, according to Reuters.

Financial services companies Deutsche Bank and JP Morgan would be acting as joint global coordinators and joint bookrunners. Meanwhile, Bank of America Merrill Lynch, Credit Agricole and HSBC would be acting as joint book runners and Commerzbank as co-lead manager.

The shares would be traded starting November 22.