The IPO of Poltrona Frau Group has been successfully concluded
Poltrona Frau Group announces that the placement of shares on the STAR segment of the Italian Stock Exchange has been concluded today, with an oversubscription of more than 20 times at the upper end of the price range.
The demand received within the institutional tranche has been very significant, and with an important component of international investors (approximately 80% of total), with strong demand from the US, UK, Germany and UAE. Also the most important Italian investors have placed significant orders.
Strong success has been recorded for the retail tranche, with over 60,000 individuals requesting Poltrona Frau shares.
The offer price has been set at 2.1 euro per share, lower than the upper end of the price range (between 1.8 and 2.2 euro per share), with the specific intention to create the best conditions in order to share with the public market the future growth of the stock.
Poltrona Frau Group has been recognised by the stock market as the best example of success of the Made in Italy in luxury design. The creation of the Group allowed the identification of a new segment in the listed luxury space, combining the strengths of each individual company through the innovative use of private equity as an entrepreneurial development tool and the Stock Exchange for further development.