Ferragamo to follow in Prada’s footsteps

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

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IPO market roundup: Bankrate, Prada and Vanguard Health Systems

June 6, 2011

Bankrate: the financial content company is looking to raise $300 mn in an IPO that would lead to a valuation of $1.5 bn. The price range for the 20 mn shares being offered is $14 to $16. [Source: Renaissance Capital]

Prada: the fashion company is set to go public in Hong Kong as early as next week, where it hopes to raise $2 bn to $2.6 bn. [Source: IPO Roadshow]

Vanguard Health Systems: the hospital operator could hit a valuation of $1.57 bn in an IPO expected to raise as much as $575 mn in capital. The price range is expected to be $21 to $23 a share and would provide a liquidity event for Blackstone Group, which controls the company. [Source: Reuters]


Luxury IPOs coming to Hong Kong: Prada and Samsonite

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.

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