Investing
Yacht maker Ferretti makes strong market debut in Milan
© Reuters. An employee works on a yacht at the Ferretti’s shipyard in Sarnico, northern Italy, April 7, 2015. Picture taken on April 7, 2015. REUTERS/Stefano Rellandini
MILAN (Reuters) – Shares in Italian yacht maker Ferretti rose more than 4% in initial trading on their market debut on Euronext Milan on Tuesday.
Ferretti, which listed in Hong Kong last year, priced its offer for a dual listing in Milan at 3 euros per share, giving the company a valuation of around 1 billion euros ($1.1 billion).
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