In their pursoot to raise $ 2.6 Billion dollars, Prada has filed for IPO in Hong Kong. They follo
Creative Director Miuccia Prada
Prada CEO Patrizio Bertelli
In their pursoot to raise $ 2.6 Billion dollars, Prada has filed for IPO in Hong Kong. They follow a line of other fashion brands who have done the same before them. This will make associate designer, Miuccia Prada and and CEO Patrizio Bertelli billionaires. They will join the billionaire designers club consisting of Ralph Lauren and Giorgio Armani.
The fashion house plans to float 16.5% of its share capital, hoping to raise $2.6 billion. If Prada’s shares sell toward the high end of the indicative price range, the company will be valued at over $15 billion, making Miuccia Prada and Bertelli almost $10 billion with their combined stake.