Ducati Motorcycles - DMH Message Board

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Strategies & Market Trends : Ducati Motorcycles - DMH

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To: Rod Neff who wrote ()	2/20/1999 12:29:00 AM
From: Rod Neff	Read Replies (1) of 11

WASHINGTON, Feb 17 (Reuters) - Luxury Italian motorcycle maker Ducati Motor Holding SpA, founded in 1926, on Wednesday filed with the U.S. Securities and Exchange Commission for an initial public offering of common shares. The Bologna-headquartered company did not disclose the total number of shares in the offering, which would come in the form of either shares or American Depositary Shares (ADSs). Nor did Ducati estimate what the initial public offering price price per share might be. But the company said it will apply to trade the ADSs on the New York Stock Exchange under the ticker symbol ''DMH.'' An application has been made to list the shares on the Mercato Telematico Azionario managed by Borsa Italiana SpA, the Italian screen-based dealer market. Ducati said the shares are being offered in the United States and Italy by the company and selling shareholders, which include Texas Pacific Group (TPG) Motorcycle Acquisition and TPG Motorcycle Belgium. Ducati, one of the world's leading makers of high performance motorcycles, was rescued from a near collapse in 1996 by TPG, the private investment partnership. After completion of the IPO, TPG will own an undisclosed percentage of the company. The joint global coordinators are Credit Suisse First Boston, Mediobanca and Banca Commerciale Italiana. Net proceeds will be used to repay debt and for general corporate purposes. Ducati will not receive any proceeds from the shares sold by the shareholders.

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