Luxury yacht builder ferretti is all set to launch its Milan IPO following the summer break, several people close to the deal confirmed, targeting a market capitalisation of€850m-€l.lbn. Ferretti is aiming for a 40% free-float, implying a deal size of €340m-€440m. The deal is poised to launch in mid-September, with pricing likely to come around a month later. Primary and secondary shares will be offered.
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