Italiaonline IPO values company at 250-300 million euros

MILAN (Reuters) - Italian internet company Italiaonline is gearing up to list on the Milan stock market with a valuation, excluding a planned capital increase, of between 250 million and 300 million euros ($382 million), the company said on Thursday. The valuation reflects a price range of 5 to 6 euros per share, it said. The company, controlled by Egyptian tycoon Naguib Sawiris, said in a statement it had just received the green light from the Milan bourse for its initial public offering. Banca IMI and Barclays are global coordinators of the offer, it said. Italiaonline, which runs web portals Libero and Virgilio, has an annual turnover of around 100 million euros according to its website. (1 US dollar = 0.7858 euro) (Reporting by Elisa Anzolin, writing by Francesca Landini)