Ferretti sellers accept investor demand for discount

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By Sam Kerr
30 Sep 2019

Ferretti, the manufacturer of luxury Italian yachts, has opened the books on its IPO with the sellers setting a wide range, meaning public market investors will likely get a discount to where its shareholders Weichai Group and Piero Ferrari valued it in September.

BarclaysBNP ParibasUBS and Mediobanca are global co-ordinators on the Ferretti IPO. The company will raise between €218m and €323m with €100m raised through a sale of new shares.

The €2.50 to €3.70 range gives the yacht maker a post-flotation market capitalisation of between €727m and just over ...

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