Shares of Italian Yacht Maker Ferretti Set to Rise in Hong Kong Debut

March 30, 2022

Yachting Journal

(Photo: Ferretti)

Shares in Italian luxury yacht maker Ferretti are set to open higher in their Hong Kong debut after raising $244 million at a time when the Asian financial center has seen a sharp drop in the value of IPOs raised this quarter.

The stock set to open at HK$23.05 per share, up 0.7% from the offering price of HK$22.88. That compared to a 0.1% gain in the benchmark Hang Seng Index.

($1 = 7.8273 Hong Kong dollars)

(Reuters - Reporting by Donny Kwok; Editing by Muralikumar Anantharaman)