Prada to list shares in Hong Kong
Italian luxury goods brand Prada, which also owns Miu Miu, Church’s and a number of other brands, has received approval to list its shares on the Hong Kong stock exchange, two sources with direct knowledge of the plan told Reuters on Friday 13 May, 2011.
The company was given the go-ahead after a meeting on Thursday night with the Hong Kong Stock Exchange’s listing committee. The sources declined to be identified as they were not authorised to speak to the media.
Other luxury goods companies aiming to go public this year include UK shoe brand Jimmy Choo, as well as Tuscan leathergoods maker Salvatore Ferragamo.
Prada has two weeks to pre-market the IPO and then another two weeks for the roadshow, with a listing expected by the third week of June, a source told Reuters.
