Prada Plans Hong Kong IPO
Prada SpA’s board approved a plan to pursue an initial public offering in Hong Kong, a spokesman for the Italian fashion company said Thursday.
Prada, which generates around €2 billion in annual sales, has long entertained plans to list its shares but has always backed away at the eleventh hour, most recently in 2008.
Prada said its board gave mandates for global coordination and bookrunning for the IPO to Intesa Sanpaolo SpA unit Banca Imi, Unicredit SpA, Credit Agricole SA and Goldman Sachs Group Inc.