Italy’s Newlat about IPO despite market


MILAN  – Italian food group and IPO candidate Newlat is confident its stock offering will go ahead successfully despite two share sales by Italian groups being pulled on Thursday, its chairman said.

IPO despite

He said books for the offer, which ends on Tuesday, were not fully covered yet but that they had drawn orders by international institutional investors.

“The price for our share sale offers a discount compared with peers,” he said.

Earlier on Thursday, yachtmaker Ferretti and professional audio equipment maker RCF both scrapped their respective IPOs citing difficult market conditions.

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