Prada to go public, on Hong Kong exchange
05/04/2011
Financial press said the group was likely to be valued at more than $11 billion thanks to the growth of the luxury goods market, particularly in fast developing economies in Asia. The Financial Times quoted analyst firm Bernstein Research as saying that growth in consumption of leathergoods and shoes will be driven by demand in Asia at least until 2015.
Speculation is that the Prada family will look to sell 20% of the shares in the company, mostly to institutional investors, with the flotation taking place possibly as early as July.
Share this story:
