Piaggio Roars Ahead On Flotation in Milan

Summary


VESPA scooter maker Piaggio got off to a strong start on its debut as a public company today as its market value surged to e900 million (Pounds 623 million).

Piaggio's owners raised e274.4 million to give Europe's biggest scooter maker an initial value of e887 million but the shares quickly rose 8.5% as trading began on the Milan Stock Exchange.

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Extract


Piaggio Roars Ahead On Flotation in Milan

Vespa sales have surged in London recent...

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