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HONG KONG — Italian family-owned fashion giant Prada could be poised to float its shares at an initial public offering in Hong Kong, hoping for a toe-hold in China’s massive market, a report said Thursday.
The luxury chain, majority owned by the Prada family, is considering whether to list in Europe or Hong Kong, with questions of liquidity and volatility the key factors,
“If I have to make a decision right now, I will choose
Prada plans to open 28 new stores in Hong Kong and mainland
About 40 percent of the company’s investment so far this year has gone to
The Milan-based company hopes to raise up to 2.1 billion US dollars from the capital market to help expand its retail network and production lines and pay off its debts.The group had planned to list several years ago but put the process on hold to wait for more favourable market conditions, a spokesman told AFP on October 6.
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