Italy Pirelli tyre manufacturers (Pirelli) initial public offering (IPO) of the company's valuation will is 6.5 billion euro, in the company expected range, but the deal will still be one of the largest listed this year in Europe.

In a deal involving chief executive Marco Tronchetti Provera and ChemChina two years ago, the company was turned into a private listed company.

Pirelli now says it will be priced at 6.50 euros per share in milan.

The company plans to raise up to 2.6 billion euros from the IPO, with a 40 percent stake.

The stock will begin trading on October 4.

For formula one (F1) race of pirelli tyre to return to the open market, not only will test investor appetite for European companies, also will test the market with European brand China club.