Scheduled to take place tomorrow, December 10th 2019, the historic movement is ready to go ahead according to financial news source Milano Finanza.
Originally announced by CEO Massimo Perotti during the Cannes Yachting Festival 2019, the stock exchange intention was revealed as plans were laid out in regards to IPO plans until the end of play 2019.
Now that the date has been revealed for the debut on to the Milan Stock Exchange, it has also been unveiled that there are already a credible amount of investors including known names like Kairos, Mediolanum, Fideuram and Azimut.
Other names including JP Morgan, Amundi and Norges have also shown interest since Perotti completed the promotional roadshow for the brand.
The progression of the stock exchange movement has been watched closely by some industry professionals since the U turn from fellow Italian yachting brand Ferretti.
As one of Sanlorenzo's main competitiors in the market, the Ferretti Group ended up reversing their movement to trade on the stock exhange due to an insufficient amount of public offering.
Final share prices for Sanlorenzo's offerings are yet to be confirmed, however early indications foresee prices of shares being around €16 to €19 each. This rallies a target valuation of €480 to €570 million for the 31.9% capital on offer.
