The Sanlorenzo securities were offered for subscription in a range of 16 to 19 euros and were ultimately issued to institutional investors at the lower end of the price range. The eleven million shares correspond to 31.9 per cent of the share capital, the company valuation amounted to 552 million euros. There is also a placement reserve of a further 1.1 million shares, which would correspond to a free float of 35.1 per cent. Sanlorenzo CEO Massimo Perrotti continues to hold a majority stake of 60 per cent, having acquired all company shares at the beginning of the year. repurchased had.
At the end of October, the Ferretti Group cancelled its IPO on the Milan stock exchange. The reason given was that weakening financial markets had led to an inappropriate valuation of the company.
