This year has proved to be far from vintage for initial public offerings (IPOs) – with mixed results, but Sanlorenzo is ending the year on a high. Its shares were listed at €16 each on the Italian stock exchange, the
Massimo Perotti, executive chairman and of Sanlorenzo and EY award winner, remains the majority shareholder after the IPO. Sanlorenzo’s shares began trading at €16 each on the Italian stock exchange, the Borsa Italiana, on Wednesday December 11, after the superyacht
Heesen reports growing interest in its superyachts, such as the 70-metre Espen Øino International, from China’s wealthiest citizens. China’s wealthiest citizens are starting to develop an interest in superyachts, according to the CEO of Heesen Yachts Arthur Brouwer. “The Chinese
Massimo Perotti was named as Italy’s Entrepreneur of the Year by EY. He will continue to be the majority shareholder after the float. Sanlorenzo, the Italian yard, is hoping to be worth between €552m and about €656m when it lists
Winning design: The Majesty 140 won the Best of Show award at Fort Lauderdale. The Majesty 140 superyacht, all 43m of her, has won the Best of Show award at the Fort Lauderdale International Boat Show this year. First-time exhibitor
Spanish yachting groups are urging the European Commission to challenge the country’s matriculation tax. Pictured is OneOcean Port Vell, Barcelona. The Spanish Superyachts Association (AEGY) and the Spanish Yachting Association (ANEN) are urging the European Commission to oblige Spain to
Launching an IPO is a lot riskier than launching a yacht, as Ferretti Group demonstrated yesterday. Ferretti has given up its plan to sell 30% of the company on Borsa Italiana. Ferretti had been hoping to list at between €2.5
Lower cost and greater convenience are the benefits claimed for Yotha’s digital yacht chartering platform. The new digital yacht charter platform Yotha can shave 12 per cent off the cost of chartering a luxury yacht, while making the service to
The billionaires club will have 800 more members by 2023. But how many will invest in superyachts remains unclear. “The rich are very different from you and me,” American novelist Scott Fitzgerald is reputed to have told fellow writer Ernest
The value of the Monaco superyacht fleet was put at at 3.9 billion euros. But will billionaires keep buying superyachts? Billionaires are prospering, particularly in China, the US and Germany, according to Dr Martin Mendes, partner and director, Boston Consulting
