SG has set the bookbuilding range for the initial public offering (IPO) of Iliad, the French internet and telecom company, at between €14.00 and €16.30. It values the issue at around €90m and will make it the first company to come to market in France for nearly two years

The deal consists of 5 million new shares as well as 1 million existing shares from Goldman Sachs, which is selling out of the 6.9% stake it acquired in 2000.