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Italy Targets Comeback for IPOs After Listings Cratered in 2020
Italy Targets Comeback for IPOs After Listings Cratered in 2020 Bloomberg 12/13/2020 Chiara Remondini © Bloomberg Automobiles sit parked outside the Italy s Stock Exchange, the Borsa Italiana, which is part of the London Stock Exchange Group Plc, in Milan Italy, on Thursday, Oct. 8, 2020. London Stock Exchange Group Plc is nearing the sale of Borsa Italiana to Euronext NV and two Italian institutions for about 4.5 billion euros ($5.3 billion) including debt, according to people familiar with the transaction. (Bloomberg) What a difference a year makes. After Milan finished 2019 as Europe’s top venue for new listings, highlighting Italy’s wide array of family-owned micro businesses, the market for IPOs in the country cratered this year as investors shied away during the pandemic.
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