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
Photo: MJ/TR via Flickr