Ferretti IPO: Italian IPO Review: Finance Trading Times

Ferretti IPO: Italian IPO Review

The recent news from Italy was about the Prada Fashion House IPO
and now someone else has joined the race. Prada is known for the luxury items, so is the case for yatch from the luxury and expensive yatchmaker Ferretti. Ferretti is expected to have shown the willingness to relist on the Milan Stock Exchange.

Big names are targeting it: Merrill Lynch and Mediobanca are reported to be acting as the global consultants and valuations are in place for the Ferretti IPO.

It was Candover which is a UK-based private equity firm which had purchased Ferretti in 2006. The purchase was made by Candover from Permira. Now, they are planning to encash on the luxurious spending on yatches by the people across the globe, for which Ferretti is the prime supplier. The business of luxury motor yatches is the one which has resulted in the though of the Ferretti IPO.
When is the Ferretti IPO expected?
The listing of Ferretti IPO would be in autumn, when the markets are expected to cool off a bit.

Where does Ferretti IPO valuations stand?
High, very high. The Financial Times has evaluated to Ferretti company to be as high as 3 billion euros ($4.75 billion).
Ferretti went public with a listing in Milan in 2000. But Permira, a private equity fund, took it private again two years later.
Ferretti posted core profit of 158 million euros on revenues of 933 million euros for the fiscal year ended Aug. 31, 2007.

More and more IPO’s coming out everyday. Let’s see how the Ferretti IPO performs in these market timings. Table of Contents
Have Comments or Questions? Please post them as comments using "Post our Comments" link below. Your queries will be responded for free in 24 hrs!

0 Comments: Post your Comments

Wish you all happy and fruitful trading and investing activities with safety! = = = Post a Comment

Copyright Information:
© Finance-Trading-Times.com
Please see Our Copy Right Policy. All the articles, posts and other materials on this website/blog are copyrighted to the owners of this portal. The content should NOT to be reproduced on any other website or through other medium, without the author's AND owners' permission. Contact: contactus(AT)finance-trading-times.com

DISCLAIMER: Before using this site, you agree to the Disclaimer. For Any questions or comments, please mail contactus(AT)finance-trading-times.com.

About UsAdvertise with UsCopyRight Policy & Fair Use GuidePrivacy PolicyDisclaimer