Updated thursday june 16, 922am: prada's ipo may have hit a bump in the road, reports suggest, as hong kong investors become wary of the prospect of having to pay high levels of italian tax hong kong residents purchasing shares of prada, or any other italian company, would be required to pay a 27. The champange will surely be flowing at prada's hong kong coming out party this week, which has been a decade in the planning prada announced on monday that it hopes to raise up to $26bn in its hong kong initial public offering, setting its ipo price range at hk$3650 to hk$48 a share. In hong kong, this logic was an explicit part of several high-profile listings by nonlocal, non-chinese companies consider prada's decision to conduct its june 2011 $21 billion ipo in hong kong a third of prada's sales in 2010 came from asia, excluding japan the company's sales in the region are growing at more than. Having already seen four previous attempts at an ipo thwarted by the post 9/11 market gloom and the 2008 global financial crisis, prada, the italian family- owned luxury goods and fashion powerhouse and its leaders were acutely aware that floating company shares on a stock exchange would be a transformational event. Prada is the latest company to pursue an ipo in hong kong. Prada's decision last week to fire the starting gun on an initial public offering in hong kong – rather than milan, london or new york – has created a buzz among dealmakers in the chinese city bankers are getting excited about the possibility of a wave of similar share sales from other european luxury. Ap prada is about to launch an ipo in china, but this is hardly the beginning for the fashion firm's growth story it's recent 11-minute catwalk show at hong kong's grand hyatt was planned solely to garner attention for its thrice delayed ipo, but this firm has been flashy for nearly 100 years prada's offering.
Prada spa stock price, stock quotes and financial overviews from marketwatch. But consider the make-up of companies that are choosing to list in hong kong: mgm china, the china operation of the giant casino company, is raising $15 billion this week in hong kong italy-based prada decided hong kong was a better market for its ipo earlier this year than the borsa italiana or the. Between 2009 and 2011, hong kong ranked as the leading initial public offering (ipo) center in the world, with funds raised totaling around us$120 billion following what was by comparison to previous years a relatively quiet 2012 for hong kong in terms of capital raisings, many observers predict a return toward the top of. While the western world is still reeling from the effects of the 2008 economic crash, business at prada, among the world's best-known luxury goods labels, appears to be booming on 17 june, the italian fashion house is reportedly planning to price an ipo in hong kong to raise up to $26bn (£159bn.
For the third time in three years, an hec paris professor has bagged a case centre award for a bestselling case study professor of finance denis gromb won the 2018 prize in the finance, accounting and control category for “prada's hong kong ipo”, a study he co-wrote with associate professor at. Italian fashion house prada is pricing its initial public offering in hong kong to raise up to $26-billion (us) and give the maker of luxury bags and miu miu dresses a value higher than its european peers, a source said prada set an indicative price range of hk$365 to hk$48 a share for the ipo as it started. Prada raised us$214 billion from a hong kong ipo in june last year that was around a fifth less capital than the company had planned for as things transpired , retail investors were put off by the prospect of italian capital gains and dividend taxes, which they were liable to pay (even though the listing was.
The holding and operating companies were over €1bn in debt due to a series of ill-fated acquisitions at the turn of the millennium, so an expected near €2bn windfall from floating shares on the hong kong stock exchange was an extremely attractive proposition – hence a fifth attempt hong kong topped the ipo proceeds in. China's fascination with high fashion has once again been underlined after prada won strong support for its hong kong initial public offering.
Once again, rumors are flying that prada may be considering an ipo in hong kong rather than its home base of milan, attracted by the prospect of a higher price in the red-hot asian consumer market we heard similar rumblings earlier this year in the wake of french skincare and personal care chain. Prada listing will be a key test in hong kong's quest to cement its status as world's biggest market for ipos. So, you've probably heard that prada, the italian luxury goods company owned and operated by designer miuccia prada and her husband, ceo patrizio bertelli, finally went public last week and will officially begin trading shares on the hong kong stock exchange this friday, june 24 this is a huge deal,.
Prada's stock market debut in hong kong on friday fell as flat as wearing last season's outfit at ascot shares in the italian fashion house gained as much as 50 cents, or 12%, to hk$40 (£320) in the first hour of trading in hong kong but, by mid-afternoon, the stock was changing hands at $3955, just five. By mid-morning on friday, prada shares were trading at 3960 hong kong dollars, just above the issue price of 3550 dollars worries about greece's protracted debt crisis and concerns that the chinese economy's growth prospects are not as rosy as they once were have weighed on global stock markets. Italian luxury goods company prada is set to file a listing application for a hong kong ipo that could be worth almost $2 billion, reuters reports the milan-based company, known for its colorful miu miu dresses and prada handbags, planned to list in hong kong at the end of june prada would be only the [.
List of acceptable overseas jurisdictions for listing in hong kong this table lists out all the overseas jurisdictions (other than people's republic of china, bermuda and cayman islands) that the listing committee has formally ruled to be acceptable as an actual listing (primary), prada spa (stock code: 01913). Prada will follow on the success of organic cosmetics and skin-care maker l' occitane internationale, which raised $840 million in hong kong last year prada's choice of the hong kong stock exchange over bourses in milan, london, and new york is more evidence that the globe's economic center of. Although hong kong can be justifiably proud of its successes so far, it is still some way are: • certain distortive ipo practices which may dampen investor confidence • problems caused by the absence of a scripless (or dematerialised) securities high-profile corporations such as prada (1913hk), l. The ipo price was set at 3950 hong kong dollars (us$506) each, at the bottom of the guidance of hk3950-hk4225 a share bankers gave investors thursday prada's ipo is the largest ipo in hong kong far this year, if excluding glencore international plc's us$10 billion hong kong-london listing in may, according to.