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Colaninno Updates Piaggio IPO

Officials at Italy's Piaggio & Co. SpA may bring the company to market earlier than initially predicated, Piaggio Chairman Roberto Colaninno commented recently.
"We think towards June,” Colannino said, indicating that the schedule for Piaggio's initial public offering (IPO) depends solely on bureaucratic issues.
Piaggio - owner of the Aprilia, Moto Guzzi, Derbi, Piaggio, Vespa and Gilera powersports brands - has applied for listing on the electronic stock market MTA (Mercato Telematico Azionario) segment of Borsa Italiana. Colaninno previously suggested the company could go public by August.
Read more news regarding Piaggio in the April 24 issue of Powersports Business.

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