13 Jun '11, 4pm

Prada to raise up to US$3b in Hong Kong IPO

HONG KONG : Italian fashion house Prada opened up its retail books on Monday, as part of its IPO in Hong Kong aimed at raising as much as US$3 billion. Prada is the latest in a string of foreign companies lining up to list in Hong Kong, seeking to tap into Asia's growth and to raise brand awareness. This week alone, there are some six companies kicking off their roadshows in a bid to raise cash. Other retailers in the queue include US handbag maker Coach and luggage maker Samsonite. Prada will be the first luxury brand to go public in Hong Kong and it is confident about investor response despite a recent slump in global stock markets. The Milan-based fashion house is planning to sell 423 million shares at between HK$36.50 and HK$48 each, with trading slated to begin next Friday. If demand is good, it has the option to sell an additional 15 per cent of the offering, which w...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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HONG KONG - ITALIAN luxury fashion house Prada is set to raise as much as US$2.6 billion (S$3.2 billion) after setting the...

Prada to raise up to US$2.6 billion in Hong Kong IPO - AsiaOne

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asiaone.com 06 Jun '11, 7am

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Prada to raise up to US$2.6b in Hong Kong IPO

channelnewsasia.com 06 Jun '11, 5am

HONG KONG: Italian luxury fashion house Prada is set to raise as much as US$2.6 billion after setting the price range for ...

..:Blogged!*::. - Hong Kong Day 5!

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