Ferretti IPO still afloat as banks lower IPO range

By Sam Kerr
14 Oct 2019

Ferretti, the luxury manufacturer of Italian yachts, has lowered its valuation expectations, and IPO range, for its listing on the Milan stock exchange as banks work to get the deal across the line.

BarclaysBNP ParibasUBS and Mediobanca, the global co-ordinators on the deal, extended the roadshow last Thursday in order to try to get it done.

Ferretti has set a new range on its IPO of €2-€2.50 a share giving the company a post-IPO market capitalisation of €581m at ...

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