on 28 Jun 2023
After its Hong Kong IPO, Ferretti is now a dual-listed company
Italy’s Ferretti Group has debuted on Euronext Milan, the Milan-based stock exchange operated by Borsa Italiana.
The firm, controlled by Chinese conglomerate Weichai Group, entered Euronext Milan on 27 June. The group celebrated the news of Ferretti Group’s Milan Stock Exchange listing by ‘berthing’ a Riva Anniversario in the middle of Milan’s Piazza Affari.
In 2022, Ferretti Group was listed on the Hong Kong Stock Exchange, which means that Ferretti is now a dual-listed company and is the first in the world on these two exchanges. Ferretti has been valued at around 1 billion euros, with a listing at 3 euros per share.
“Today we’re twice as happy: a year ago we were in Sarnico to celebrate our listing on the Hong Kong Stock Exchange, and now we’re at Euronext Milan, the first and only Group in the world – and not just in the luxury yacht industry – to achieve this double listing in Asia and Europe,” says Alberto Galassi, Ferretti Group CEO.
“We come to this historic Tuesday in our best shape ever, riding the wave of outstanding results we continue to deliver as the market rewards us for making the most beautiful boats in the world. As always, Ferretti Group points the way and broadens the horizon.”
In May, Ferretti Group and Mainland China exclusive dealer Speedo Marine premiered the Ferretti 1000 at a gala event in Shenzhen Bay Marina Club. The Ferretti Yachts 1000 is the largest boat ever produced by the shipyard.
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