June IPO for Prada
30/04/2001
Prada’s ambitions to create a public luxury goods group to rival leaders LVMH and Gucci advanced a stage further last week, when the company announced a June IPO (Initial Public Offering) for its shares.
Several analysts have questioned the timing of flotation, however, saying the Italian luxury goods house would have been better off waiting until the current uncertainty surrounding the world economy had lifted.
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