June 7, 2011
Do three listings make it a trend?
Yesterday, IR magazine noted that luxury brands Prada and Samsonsite are preparing for IPOs on the Hong Kong exchange. While it isn’t heading to Asia to do so, Italian fashion company Salvatore Ferragamo is stepping into the public markets.
Ferragamo is planning to offer 25 percent of the company, according to the Boston Globe, in an IPO on the Milan Stock Exchange later this month. The company’s value is estimated to be $3.28 bn.
Meanwhile, another fashion company, Moncler, has pulled its IPO in favor of a direct investment from Eurazeo, the French investment firm.
Source: Boston Globe, post syndicated from IR magazine
Photo: MJ/TR via Flickr
June 6, 2011
Prada and Samsonite are set to go public in Hong Kong this month. The two luxury brands could raise more than $4 bn in total, with Prada aiming for $2 bn to $2.6 bn and Samsonite gunning for $1.5 bn in capital.
Read the rest of this entry »