9th listing in 2023 on Euronext Milan
Ferretti Group brings the total number of companies listed on Euronext Milan to 226
27th listing on Euronext in 2023
Ferretti Group raised €265 million in the placement phase, and could raise up to €292 million in case of a full exercise of the over-allotment option
Milan – 27 June 2023 – Borsa Italiana, part of the Euronext Group, today congratulates Ferretti Group on its listing on Euronext Milan.
For the purpose of admission to Euronext Milan, all the company’s shares were dematerialised and centralised on Euronext Securities Milan, making the instruments tradable in both Milan and Hong Kong.
Ferretti Group is a world leader in the design, construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of prestigious and exclusive brands. Ferretti Group motor yachts stand out for their exceptional quality, cutting-edge technology, safety record, and optimum performance in the sea, as well as their exclusive design.
Ferretti Group represents the ninth listing since the beginning of the year on Euronext Milan and it brings the total number of firms currently listed on Euronext Milan to 226.
During the placement phase Ferretti Group raised €265 million, excluding the potential exercise of the over-allotment option. In the case of the full exercise of the over-allotment option, the total amount raised will be €292 million. Market capitalisation at admission is approximately €1 billion.
Alberto Galassi, CEO of Ferretti Group, said: “Today we are twice as happy: a year ago we were in Sarnico to celebrate our listing on the Hong Kong Stock Exchange, and now we are at Euronext Milan, the first and only Group in the world – and not just in the luxury yacht industry – to achieve this double listing in Europe and Asia. We come to this historic Tuesday in our best shape ever, riding the wave of outstanding results we continue to deliver as the market rewards us for making the most beautiful boats in the world. As always, Ferretti Group points the way and broadens the horizon”.
Caption: Alberto Galassi, CEO of Ferretti Group, rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
About Ferretti Group
Thanks to Italy’s centuries-old yachting tradition, the Ferretti Group is a world leader in the design, construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of prestigious and exclusive brands: Wally, Ferretti Yachts, Pershing, Itama, Riva, CRN and Custom Line. Led by Chief Executive Officer Alberto Galassi, the Ferretti Group owns and manages seven shipyards located across Italy, which combine the efficiency of industrial production with typical world-class Italian craftsmanship, reaching customers in more than 70 countries across the world thanks to a direct presence in Europe, the United States of America and Asia and its network of approximately 60 carefully selected dealers. The Ferretti Group motor yachts, utmost expression of Made in Italy elegance and creative genius, have always stood out for their exceptional quality, cutting-edge technology, record safety and optimum performance in the sea, as well as their exclusive design and timeless appeal. For more information: www.ferrettigroup.com
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