Il Sole 24 Ore, publisher of Italy's most influential financial daily, has won stock exchange approval for its market debut. It is expected to take effect early in December, according to Borsa Italiana Tuesday.

Analysts said the group declined to disclose any details on its listing plans, but it could have an enterprise value of between 800 million and 1 billion euros (US$1.2 billion to US$1.5 billion).

Italian media revealed that the group plans to list nearly 30 percent of its capital and the market debut will likely take place on Dec. 6.

Il Sole 24 Ore, the most widely read financial newspaper in Italy, has about 350,000 daily circulation. It was established in 1965 after the merger of Il Sole and 24 Ore.

The group has a partnership with Spanish financial paper El Economista.

Italian newspaper La Repubblica said earlier this month that Il Sole 24 Ore will offer 40.3 million "special" shares, whose voting rights are capped at two percent but which would guarantee higher dividends, the Guardian reported.

Italian industry association Confindustria, which fully owns Il Sole 24 Ore, would still have its control over 67.5 percent of its capital after the market listing.

According to La Repubblica, the price range for the initial public offering will be between 7.1 and 8.5 euros a share.