Tencent Holdings Ltd.’s earnings report due Wednesday may provide positive catalysts for its shares, which have plummeted about 60 percent from their record high three years ago.
Under the leadership of John Elkann, Exor has been diversifying beyond its roots in the auto industry to investments in health care, tech, financial services and luxury.
The CVC Capital Partners-backed firm is expected to price its shares at €26 each. The stock is set to start trading on March 21.
Exports dropped 3.8 percent by value in February to 2.15 billion Swiss francs ($2.4 billion) from a year earlier, the Federation of the Swiss Watch Industry said Tuesday.