Live on Bloomberg TV

00:00Pretty muted our first day of trade. No I'm not disappointed at all. You can see that what's going on in the world they can see that today and now what. Germany our cheap and completely incredible success. I mean the market does no IPO in Europe since I would say a couple of months. We are the only relevant Western company listing listing in on as complicated as you know in terms of is challenging at least there. I consider it a success to be honest. For us it's been a reward. It's the best place to be listed for the company that conducts these attracting capital international capital markets. And if you can list yourselves with international investors from all over the world. In a market which is frozen by a war that we've needed and seen in Europe since eight years we can only celebrate and be positive. I mean as a long run is not nothing. Rome wasn't built in a day and its appeal will not be decided in a day for sure. Alberto quite curious why this in Hong Kong. We take a look at all the companies have listed in the city yet today they are trading below the listing price. Okay. Hong Kong. Because to be honest that we believe that there's a future and the growth in Asia Pacific. We believe in our industry. That is a big one coming up. We believe a proud experience as the only listed Italian company in Hong Kong is a positive story. We believe is an international market is big by far bigger than Milan cannot compare. And there is a well set which is evidenced in the already extraordinary growth. So epic Wellstone and demand expected in the market. We are very well positioned. We opened up the market in 2014 and Asia-Pacific. Hong Kong is our most important hub far from Fort Lauderdale and Palm Beach supports the Italian companies. So to be honest there we believe in the future of that a lot. Expansion plans in Asia I mean that would be one of the reasons also perhaps you've come to this neck of the woods. Give us a sense of that. And also you know with the world possibly heading to a very deep slowdown is this really the right time to be paying. This is just in addition to what percentage just asked you and if so what particular niche of the market you see expanding in particular. Okay let's go from the beginning. We believe that Asia Pacific is a market which has a demand because we believe we see that infrastructure was missing. Now interesting policies in a non interesting policies in Sanya. It's growing and as the group is number one in that second way. Now I can tell you that the only competent primary component so the shuttle does I'm not selling. We want to boost our gross. And we believe we can boost our growth dramatically in this 2022. Numbers will speak for themselves. And three is it challenging. Yes it's very challenging. Inflation is there. But to be honest we are very well protected. What are we what people are what. Our average price tag inside the group is close to four million euro. We don't sell many boats. We sell 200 boats to super. I will say I will turn a net towards wealth individuals. So we are not touched by the pandemic. On the contrary we are selling privacy safety freedom. Three things that were missing with the pandemic and people are buying lethal private islands. He said I think it's a nine meters boat but a 90 meters boat. This is what they're looking at. Our customer base is not being affected by the pandemic. And believe it or not the parts from 3 percent of the revenues of the company of the boats we were selling to Russia. It's nothing is totally irrelevant without affected by it not even by a war. So it's something it's leaving the fragility of life that that's got something in the mind of the million Anderson the the world than they want. Yes. Yes. IBEX we've got about 45 seconds to a minute. Just very very quickly here ahead too to just want to get your sense of if you do get a lot of Chinese shareholders here. How would this really play out if there's further frictions between the U.S. and China over Russia. OK. We had the Chinese shuttle since 2012 when we tried to go to the group with the best brands in the world including Areva which is hundred and eight years and no Italians no White Knight saved this company from a close by receivership. So we sell in 78 countries. The Americas is fundamentally important for us. We have some very prominent there. I don't see that to be honest. We have not a strategic company. We are not the defense company. We're not the company and infrastructure. I don't see a fraction of the potential tension between the two countries. I think it probably took the group before affinity group. There are countless companies that could be affected.

No schedule data available.

Ferretti's Chief On Hong Kong IPO, Expansion Plans

Ferretti Group CEO Alberto Galassi discusses why the luxury yacht builder decided to list in Hong Kong. He was speaking with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia". (Source: Bloomberg)

More From Bloomberg Markets
All episodes and clips

The David Rubenstein Show
The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and professional choices of the most influential people in business.
More episodes and clips