THE LUXURY SUPERYACHT MAKER PARTIALLY OWNED BY THE FERRARI FAMILY — AND PREVIOUSLY VALUED AT UP TO $1.2 BILLION — JUST CANCELED ITS PLANS TO GO PUBLIC

Reuters/Edgar Su Italian luxury yacht maker Ferretti cancelled its initial public offering on Thursday. The company's chief executive told Reuters they decided to call off its IPO on the Milan stock exchange because it couldn't get the right pricing. Reuters reported in late September that Ferretti had been authorized to list its shares in an initial public offering that would value the luxury yacht maker at up to €1.08 billion (or abou...

BusinessInsider (Date:10/18/2019 17:51) Read full article >>

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