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Ferragamo a go-go for IPO Friday, 10th June 2011
Italian fashion house Salvatore Ferragamo yesterday announced it had received the go-ahead for its planned initial public offering in Milan.
The label with join Prada as another high-profile listing of an Italian brand in the coming months.
Valued by analysts at around EUR 1.5 billion, the Tuscan family-run business refuses to disclose the exact timing for its IPO, nor details of the size of the stake it wishes to sell. However it is thought the price range for the offer could be released as early as today.
All eyes will be on Ferragamo’s listing, which could be the first to float on the Milanese market this year after Moncler, Philogen and Rhiag were wall forced to pull out of their IPO plans in the wake of a rocky Eurozone market.