Luxury logistics company Ferrari Group on Thursday set a price range for its initial public offering of between 8 euros and 9 euros per share, giving the company an indicative market capitalisation of up to €822 million ($851.84 million).

The offer starts on Thursday and will run to February 12, with the first day of trading on the Amsterdam bourse expected a day later.

The founding family is selling up to 25% of existing shares in the company, with a so-called greenshoe option potentially bringing that up to 28.7%.

The family-owned group, founded in 1959 in Italy and currently headquartered in London, focuses on the handling of luxury goods such as high-end watches, jewellery and diamonds.