By the end of October, another freshman will land in Piazza Affari. It's about Ferretti, a group that manufactures and sells luxury yachts. The company has announced plans to listed on the MTA of Borsa Italiana with the purpose of raise about 100 million from the issue and placement of new shares to be used "to support growth and development objectives". Resources that will add up to the capital injection of around 250 million that the group has recently completed.
In detail, Ferretti's offer includes a primary sale of newly issued common stock e a secondary sale of common stock held by some of the current shareholders, in a private placement aimed at institutional investors outside the United States (including qualified investors in Italy) e qualified institutional buyers In the USA.
In addition, Ferretti will offer new shares to some executives with a discount on the offer price (also an over-allotment option is foreseen).
The group closed the budget for the first semester with revenues up 11% on an annual basis, to 332 million euro, and an adjusted ebitda up 26%, to 30 million.
From June 2019st XNUMX, the order book rose to 653 million euros, an increase of 19% compared to the same month last year.
The banks who will handle the offer are Barclays, Bnp Paribas, Mediobanca Banca di Credito Finanziario and Ubs, who will act as joint global coordinators e joint bookrunners; Bnp Paribas will also act as a sponsor for listing purposes.
