The IPO is part of a privatization drive by the Italian government to reduce debt. Reports in Europe said up to 49% of the shipbuilding giant are expected to be listed.
Fincantieri's cruise orderbook leads the industry. The builder reported a 2013 profit of €85m on revenues of more than €3bn.
This week Fincantieri shareholders approved a share capital increase of up to €600m as part of the privatization.
Banca IMI, Credit Suisse, JP Morgan, Morgan Stanley and UniCredit Corporate & Investment Banking are joint global coordinators of the offering. Banca IMI is the lead manager, while UniCredit Corporate & Investment Banking is serving as the sponsor.
Joint bookrunners are BNP Paribas, Citigroup Global Markets, Deutsche Bank, London Branch of Goldman Sachs International, HSBC Bank and Mediobanca.
