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Mediolanum leads Italian investors in Ferretti's Hong Kong IPO-source

March 31, 2022
Source: fxempire.com fxempire.com
News Snapshot:
MILAN (Reuters) – Italian investors led by Milanese asset manager Banca Mediolanum bought into an Hong Kong initial public offering by luxury yacht maker Ferretti, which saw Chinese investors take the lion’s share, a person with knowledge of the matter said. Mediolanum declined to comment. Braving turbulent markets and the backdrop of international sanctions against Russia that led to the seizure of the mega-yachts owned by oligarchs, Ferretti last Friday pulled off an 890 million euro ($993 million) IPO two years after a previous attempt foundered. After pricing the IPO near the bottom of the range it had indicated, Ferretti...
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Tags: brand | car | cash | Chinese | development | finance | financial | Founder | free trade | fund | Hainan | Hong Kong | initial public offering | insurance | international | ipo | Israel | IT | Italian | Italy | KONG | London | Russia | Sanctions | sports

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