Prada IPO Value reportedly rose to U.S. $ 2.6 billion
Prada SpA will raise the value of initial public offering of its shares to U.S. $ 2.6 billion. It’s going to make it as issuers with the largest IPO of the consumer goods sector in Hong Kong Stock Market.
One source familiar with the plan is called, a company based in Milan is set in the range of the offering price of HK $ 36.50 (U.S. $ 4.69) to HK $ 48 per share. “In this IPO, the company will raise the value of U.S. $ 2 billion to $ 2.6 billion,” said the source who declined to be identified it.
Manufacturers of fashion with this Miu Miu brand to look for opportunities to sell shares in Hong Kong because local investors want to utilize the funds. Because, at this time individual investors to believe the good growth of the luxury goods industry in Asia. Bagmakers Coach Inc. and Samsonite LLC also plans to sell its shares in Hong Kong.
Consulting firm Bain & Co. said, mainland China will remain the fastest-growing market for luxury goods this year, as seen from the increase in sales by 25% to 11.5 billion euros. The country is predicted would become the third largest luxury goods market in the world in the next five years.
Previously, Prada mentioned would capture public funds amounting to U.S. $ 2 billion, with a listing on the Hong Kong Stock Exchange in late June.
However, a spokesman declined comment Prada Diana Footitt related news Prada IPO this increase in value.
Last week, Prada projecting first half profit growth of at least 46%, as the opening of stores in Asia. The company plans to open about 80 new outlets this year, including 25 units in the Asia-Pacific region.
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