Carel survives Italian IPO carnage to get over the line

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Carel survives Italian IPO carnage to get over the line

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Labor Minister and Deputy Prime Minister, Luigi Di Maio and Prime Minister Giuseppe Conte attend the confidence vote for the new government at the Italian Senate on June 5, 2018 in Rome, Italy. (Photo by Silvia Lore/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

Against seemingly insurmountable odds, Italian industrial company Carel has managed to price its initial public offering during a political crisis which has forced companies across the board to postpone or cancel deals.

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