Yachtbuilder Ferretti accepts order for stock from Milan release

The wider economy is already reeling from the ongoing effects of inflation, the pandemic and the war in Ukraine, and a general lack of confidence in other sectors, resulting in a scarcity of new listings, but European Luxury stocks are booming.

France’s LVMH Group became the first company in the region with a market value exceeding 50 billion euros ($11. earlier this year when.

Other overseas listed European luxury brands and consumer brands have considered dual listing plans. Stock code: 9161division Ti ) announced plans last month to explore a dual listing in Paris, while fashion label Prada (OTC: 200PRDSY

) also considered listing in Milan.

Ferretti, which is controlled by Chinese conglomerate Weichai Group, just completed its initial public offering (IPO) in Hong Kong a year ago.

($1=0.100 EUR)