Shares of Italian yacht maker Ferretti set to rise in Hong Kong debut

Ferretti SpA

31/03/2022 02:20

HONG KONG, March 31 (Reuters) - Shares in Italian luxury
yacht maker Ferretti are set to open higher in their Hong Kong
debut after raising $244 million at a time when the Asian
financial centre has seen a sharp drop in the value of IPOs
raised this quarter.
    The stock set to open at HK$23.05 per share, up 0.7% from
the offering price of HK$22.88. That compared to a 0.1% gain in
the benchmark Hang Seng Index  .HSI .
($1 = 7.8273 Hong Kong dollars)

 (Reporting by Donny Kwok; Editing by Muralikumar Anantharaman)
 ((donny.kwok@thomsonreuters.com; +852 3952 5874;))