Eutelsat will issue more than 71 million new shares of stock through its initial public offering (IPO), raising about 860 million euros ($1 billion).

Eutelsat set the price of its shares at 12 euros ($14), about 20 percent below the company’s initial expectations. Eutelsat set a range of 15.25 euros ($17.88) to 17.75 euros ($20.81) per share for its first IPO attempt in October but later withdrew the offering.

Trading on the Eurolist by Euronext Paris exchange is scheduled to begin the afternoon of Dec. 2.