Ferretti sellers accept investor demand for discount

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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