Poor liquidity hurts Sanlorenzo’s €194m IPO

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By Aidan Gregory
12 Dec 2019

Italian superyacht maker Sanlorenzo was buoyant in trading on Tuesday after the company made its debut on the Borsa Italiana. However, the stock was under water by the close on Thursday, on very thin trading volumes.

The stock opened at €16.24 on its debut in Milan on Tuesday, up 1.5% from the €16 IPO offer price. It traded as high as €16.50 shortly after 9.15am in Milan. 

For much of this week, the stock traded at or slightly above the IPO offer price, on very thin ...

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