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The Italian Sea Group proceed with application for Italian Stock Exchange

Business
Written by
Laura Nicholls

The Italian Sea Group has announced its application to list its ordinary shares on the Italian Stock Exchange. The final decision will come following checks on the shipbuilder's business plan and management system.  Geco yacht cruisingPhoto: IYC
The company headed up by Giovanni Costantino started its bid for public listing on the stock exchange in early 2020. Costantino’s aim for the Italian Sea Group IPO was to define a global offer ­­to ensure a free float of at least 35% that would land the company in the Star segment of Borsa Italiana’s equity market dedicated to mid-size companies with a capitalisation of less than €1 billion.    

The Italian Sea Group has also submitted a request to Consob (Italian Companies and Exchange Commission) to publish the Information prospectus. Involved in the proceedings are global coordinators Intermonte with Berenberg acting as joint bookrunner. Ambromobiliare SpA is the company's financial advisor.The Italian Sea Group company photoPhoto: The Italian Sea Group

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