Ferretti pitched as Ferrari of the seas but must avoid Aston repeat

By Sam Kerr
19 Sep 2019

Ferretti, the Italian manufacturer of luxury yachts, launched its long awaited IPO on Monday. Investors are being sold a story of glamour and luxury, but there are some concerns after the losses many suffered during the IPO of Aston Martin, last year’s prominent luxury listing.

The Italian company will raise €100m by selling new shares to institutional investors. Feretti’s two main shareholders — Weichai Group, the Chinese industrial company, and Italian billionaire Piero Ferrari, son of Enzo, who founded the eponymous car company — will also sell some shares as part of the ...

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