Why did you decide to take Piquadro public on the Milan Stock Exchange right before the 2008 financial crisis?

Marco Palmieri
Replied byMarco Palmieri

Founder, Chairman & CEO at Piquadro

Niche: Retail
Revenue: $16.5M/mo
Location: Silla di Gaggio Montano, Bologna, Italy
Started: 1987

We prepared our initial public offering in late 2007 to institutionalize corporate governance and provide private equity investors an orderly liquidity event. Just months later, global financial markets collapsed into recession. Had we delayed, public listing would have been impossible for years. Going public established permanent fiscal discipline and created transparent equity currency for future acquisitions.

0
From the Full Interview

This answer is part of a full interview with Marco Palmieri, Founder, Chairman & CEO at Piquadro.

Share this Answer

Found this insight valuable? Share it with your network to help others learn from Marco Palmieri's experience.

Cite This Answer

Use this answer in your research, article, or academic work