According to WWD, a nervous stock market isn’t going to stop Prada SpA from going public this year. A
Prada spokesman said Sunday the company planned to list on the Milan
Stock Exchange in either June or November pending the outcome of
consultation with advisers and due diligence analysis.
Milan-based fashion group, which owns the Prada, Miu Miu, Car Shoe and
Churchâs brands, is valued at an estimated 4 billion to 5 billion euros, or
$5.87 billion to $7.34 billion at current exchange.
which is 95% owned by the Prada family, has pulled the plug on
its IPO three times in the last seven years, citing unfavorable market
Let’s see if it really happens this time too. Maybe they know something we don’t!
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