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. Photo: 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.Photo: The Italian Sea Group
SuperYacht Times - The State of Yachting 2020
Being the intelligence partner for the top shipyards and yacht brokers in the world, we have learned to analyse and track the market in great detail. Each year our leading market report is used by investors, CEOs, owners and other key decision makers to inform themselves on the state of the market and future developments. Find all the information you need on the market, fleet, construction book, ownership nationalities and much more in our report.
#weknow - do you want to know? Buy the report now for only €299!