21 May '11, 1am

www.HongKong-VIP.com Prada gets nod for $2.47 billion HK IPO: HONG KONG - Italian luxury fashion house Prada has...

www.HongKong-VIP.com Prada gets nod for $2.47 billion HK IPO: HONG KONG - Italian luxury fashion house Prada has...

HONG KONG - Italian luxury fashion house Prada has been given the green light to launch an initial public offering in Hong Kong in June, in which it aims to raise up to US$2 billion (S$2.47 billion), a report said Friday. The family-owned fashion giant is looking to begin bookbuilding for institutional investors in the second week of June after receiving regulatory approval in the southern Chinese city, Dow Jones Newswires reported, quoting an unnamed source. The Hong Kong Stock Exchange said they would not comment on any listing application status, while Prada's spokeswoman in Hong Kong did not immediately return calls from AFP. The Milan-based group filed a request for its highly anticipated public offering in March, in an offer which it plans to sell 20 per cent of its shares. The move would value the group at up to eight billion euros (S$14.16 billion). Prada, which in...

Full article: http://www.asiaone.com/Business/News/Story/A1Story2011052...

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Prada gets nod for US$2b Hong Kong IPO: report

Prada gets nod for US$2b Hong Kong IPO: report

channelnewsasia.com 20 May '11, 5pm

HONG KONG : Italian luxury fashion house Prada has been given the green light to launch an initial public offering in Hong...