Brazilian medical services company Fleury and its shareholders said on Monday they plan to raise up to 582.3 million reais ($334 million) through an initial public offering that should be concluded by mid-December.

The company and shareholders plan to sell 34.25 million voting stock at a price range between 15 reais and 17 reais each, according to a statement published in a local newspaper. The stock is expected to start trading in the Sao Paulo stock exchange as early as Dec. 17, the statement said.

When listed the company will trade under the stock identification code FLRY3.SA.

(Reporting by Guillermo Parra-Bernal and Eduardo Simoes; Editing by David Holmes) ($1=1.734 reais)