Italy’s economic revival has made it an investor darling. Executives say private markets are set to underwrite the bulk of that growth.
Italy is “now a country that’s looked at with interest from the outside,”
Yet most companies are still reluctant to IPO in Italy, even after stock markets reached two-decade highs. With the country’s public markets undersized relative to the economy’s potential, private capital is taking a pivotal role.
“Investment funds have become much more appealing for ...