marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

Institutional Part in Fincantieri IPO Still Not Fully Covered

June 26, 2014

Fincantieri's Ancona yard (Photo courtesy of Fincantieri)
Fincantieri's Ancona yard (Photo courtesy of Fincantieri)

The part reserved to institutional investors in the initial public offering of Italian shipbuilder Fincantieri was still not fully covered as of Wednesday evening, two sources close to the matter said on Thursday.

The company is likely to increase the percentage of shares it has reserved for retail investors which have shown big interest in the IPO so far, the sources added.

"There's been very good demand from retail investors... so the part reserved to retail could be increased," one of the sources told Reuters.

Fincantieri, builder of vessels ranging from luxury yachts to military aircraft carriers, is offering a stake of up to 38.2 percent in the IPO, which ends on Friday.

At the moment, 80 percent of Fincantieri's IPO is reserved to institutional investors.

(Reporting by Elisa Anzolin, writing by Agnieszka Flak)

Logistics News

Russia Imports Petroleum Products From South Korea to Ease Fuel Crises

Russia Imports Petroleum Products From South Korea to Ease Fuel Crises

Iran War Forces Oil Industry to Consider Alternative Export Routes

Iran War Forces Oil Industry to Consider Alternative Export Routes

Exports of French Wheat to Morocco Expected to Fall

Exports of French Wheat to Morocco Expected to Fall

EU Wheat Rises After Saudi Tender, Continued Black Sea Tensions

EU Wheat Rises After Saudi Tender, Continued Black Sea Tensions

Subscribe for Maritime Logistics Professional E‑News

Maguire: The cement boom in Africa signals the next big shift in global energy usage.
Increased security at US Fairford Air Base in England
Wall Street Journal, September 24,