Italy’s Pirelli spins its wheels after a premium IPO
December 23, 2017 at 13:10 PM EST
It’s been off to the races for Italian initial public offerings this past year. The Borsa Italiana has seen some 30 IPOs, the highest since 2007, with the surge attributed to factors such as a law that nudges savers to invest in Italian companies, as well as the Milan exchange’s efforts to encourage new listings.