Prada to raise up to $3.2b in Hong Kong IPO

HONG KONG - ITALIAN luxury fashion house Prada is set to raise as much as US$2.6 billion (S$3.2 billion) after setting the price range for its highly anticipated offering in Hong Kong on June 24, a report said on Monday. The Milan-based company plans to sell 423.28 million shares at an indicative price range of HK$36.50 to HK$48.0 (S$5.77 to S$7.59) each, Dow Jones Newswires reported, quoting an ...

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Source: Straits Times

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