The Italian Sea Group has announced its intention to list its shares on the Italian stock exchange.
The yard will now be subject to checks on its business plan and management system before approval can be given.
It comes after the company behind the Admiral and Tecnomar brands began a bid for a public stock exchange listing in early 2020. It followed the example of fellow Italian yard Sanlorenzo, which first floated on the market at the end of 2019.
Speaking about the news, chief executive Giovanni Costantino explained: "For us, the stock exchange is synonymous with transparency and future. It will allow us to acquire more and more attractiveness both as it concerns new talents and strategic international markets for our development."
Dentons Europe Studio Legale Tributario is acting as the legal advisor for The Italian Sea Group while BDO Italia S.p.A will carry out the checks on the company.