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Ferretti Guides Hong Kong IPO Price Near Bottom of Range

  • Italian yachtmaker guiding share price at HK$22.88 each
  • Company scrapped a Milan IPO in 2019 when markets turned
A custom  yacht inside a warehouse at Ferretti SpA's CRN shipyard in Ancona, Italy.

A custom  yacht inside a warehouse at Ferretti SpA's CRN shipyard in Ancona, Italy.

Photographer: Alessia Pierdomenico
Updated on

Ferretti SpA, the Italian luxury yacht builder whose backers include the Ferrari family, is telling prospective investors it plans to price its Hong Kong initial public offering near the bottom of a marketed range, people familiar with the matter said. 

The company is poised to price the deal at HK$22.88 apiece, the people said, asking not to be identified because the information is private. The company would raise about HK$1.91 billion ($244 million) at that price, according to Bloomberg calculations.