Milan, July 12 - Italy's Bialetti Industrie, known for its espresso coffee makers, has got the go-ahead to list on the Milan bourse and will issue a prospectus on Friday.
Bialetti, which traces its origins back to 1919, said on Thursday it had received clearance from regulator Consob for its initial public offering. Milan's Borsa Italiana gave the green light earlier this week.
Bialetti's famed Moka Express came into being in 1933 and the company, whose trademark is a little triangular man with a moustache, also makes cookware and domestic appliances.
Its latest launch is an exclusive kitchenware line -- the Gioielli collection -- which features a sleek black coffee maker with a silver heart motif.
Other lines have models which sport a cream-and-black cow print, or are splashed in electric blue.
The company said in June Italian brothers Diego and Andrea Della Valle, who own luxury shoemaker Tod's, would take a 10 percent stake after the IPO. Shareholders approved the listing in April.
Bialetti recorded revenues of 208 million euros ($286.6 million) last year, up 10 percent on the year earlier, with net profits of 2.5 million euros.
UniCredit Markets&Investments Banking is global coordinator, book runner and sponsor for the IPO.