October 16, 2019 / 8:13 AM / a month ago

Italy's Ferretti further extends IPO offer period to October 16

FILE PHOTO: An employee works on a yacht at the Ferretti's shipyard in Sarnico, northern Italy, April 7, 2015. REUTERS/Stefano Rellandini/File Photo

MILAN (Reuters) - Italy’s luxury yacht maker Ferretti further extended on Wednesday the Initial public offering (IPO) period, with the new deadline set for Oct. 16.

Last week the group postponed the deadline for its share sale, initially scheduled for October 10, to Oct. 15.

Earlier this week Ferretti cut the indicative price range for its IPO to 2-2.5 euros per share, below the initial level of 2.5-3.7 euros.

Reporting by Elisa Anzolin, editing by Francesca Piscioneri

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