MILAN, June 27 (Reuters) - Shares in Italian yacht maker Ferretti , rose more than 4% in an initial spike on their debut on Euronext Milan on Tuesday as the company embarked on a dual listing. The shares traded as high as 3.14 euros, with an automatic halt applied for excess volatility before dropping back towards the offer price. Ferretti's main shareholder, Chinese conglomerate Weichai, sold shares accounting for 26.1% of the company capital, generating 265 million euros. Ferretti shares in Hong Kong rose 1% to HK$25 at around 0700 GMT. Fashion house Prada (1913.F) is also considering listing shares in Milan.

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Persons: Ferretti, Christian Basellini, Goldman Sachs, J.P, Morgan, UniCredit, Berenberg, Elisa Anzolin, Keith Weir Organizations: MILAN, Milan, Equity Capital Markets, HK, Prada, Goldman Sachs International, Thomson Locations: Hong Kong, Milan