It said it would list in Milan in July after selling up to 38.2% of the company.
A maximum of 704m shares will be sold at between EUR 0.78 and EUR 1.
When the IPO was announced earlier this year, the plan was for the state to retain a stake of at least 50.1%.
The issue includes new shares worth EUR 600m, the cash from which Fincantieri will use to boost its finances.
The
