Sanlorenzo fixes terms for €192m IPO

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Sanlorenzo fixes terms for €192m IPO

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F0BGGC Super yacht anchored in the mediterranean.. Image shot 07/2015. Exact date unknown. | Alamy Stock Photo

Sanlorenzo, the Italian maker of luxury yachts, is hoping to succeed where its competitor Ferretti failed, having fixed a price range for its €192.5m IPO on the Borsa Italiana, which values the company at up eight times its forward Ebitda, people familiar with the matter said.

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