The Ferretti Group board has confirmed it will proceed with the potential dual listing on Euronext Milan, the Italian stock exchange based in Milan, following last year's IPO on the Hong Kong stock exchange valued at €890,000,000.
To support liquidity upon Milan's dual listing, Ferretti Group's holding company Ferretti International Holding (FIH) S.p.A. – currently with 63.75 per cent of the issued shares – has obtained the necessary approvals to release up to 28.75 per cent of existing common stock, including a greenshoe option that gives underwriters the right to sell more shares than originally agreed during a company's IPO.
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