Ferretti considers an IPO in Hong Kong

Ferretti, the Italian luxury yacht builder is considering an IPO on the Hong Kong stock exchange, raising nearly $100 million.

Founded in 1968, Ferretti, partly owned by the Ferrari family, operates six shipyards in Italy and sells yachts to customers in more than 70 countries.

The company is seeking to complete a financing round before a possible listing next year, according to an unnamed source. Also according to the source, deliberations are reportedly underway and details such as the timing and size of the fundraising could change.

In 2019, Ferretti had attempted a listing in Milan, but abandoned it due to a weak market. It was initially targeting a market value of around €1.08 billion, which was later almost halved after lowering the price range before abandoning the plan altogether.

Chinese giant Shandong Heavy Industry Group Co. bought a majority stake in Ferretti in 2012. Four years later, the Ferrari family bought about 13 percent of the yacht-building group.

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Featured photo : © Ferretti

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Hélène Cougot

Passionnée depuis son plus jeune âge par l’art et la mode, Hélène s’oriente vers une école de stylisme, l’Atelier Chardon-Savard à Paris, avec une option Communication. Afin d’ajouter des cordes à son arc, elle décide de compléter sa formation par un MBA en Management du Luxe et Marketing Expérientiel à l’Institut Supérieur de Gestion à Paris dont elle sort diplômée en 2020. Elle a notamment écrit des articles lifestyle et beauté pour le magazine Do it in Paris et se spécialise en rédaction d’articles concernant le luxe, l’art et la mode au sein du magazine Luxus Plus.********** [EN] Passionate about art and fashion from a young age, Hélène went to a fashion design school, Atelier Chardon-Savard in Paris, with a Communication option. In order to add more strings to her bow, she decided to complete her education with an MBA in Luxury Management and Experiential Marketing at the Institut Supérieur de Gestion in Paris from which she graduated in 2020. She has written lifestyle and beauty articles for Do it in Paris magazine and specializes in writing articles about luxury, art and fashion for Luxus Plus magazine.