(BFM Bourse) – The Italian luxury shoe brand should announce this week its intention to launch on the Milan Stock Exchange, according to Bloomberg.
Golden Goose is making strides towards an IPO in Milan. The Italian sneaker brand known for its worn and aged-looking sneakers sold for an average of 400 to 500 euros, plans to launch its operation this week, several sources report to Bloomberg.
Still according to these sources, Golden Goose would have been comforted by “the good feedback from potential investors”, and thus intends to benefit from a rebound in IPO operations in Europe this year which follows a lackluster 2023 vintage.
The company would seek to raise around 1 billion euros, three people familiar with the matter told Reuters, by the end of 2023.
The company founded in 2000 would be valued at nearly 3 billion euros, including debt, according to Bloomberg calculations. However, details of the offer, including the timing and size of the deal, are subject to change, sources also told Bloomberg.
The spokesperson for the company and its owner, the private equity firm Permira – which acquired 83% of Golden Goose’s capital for 1.3 billion euros in June 2020 – did not comment on the information from Bloomberg.
If Golden Goose goes through with its project, the first listings would be expected before July, these people familiar with the matter also told the financial media.
A rebound in IPOs in Europe
The Italian brand would thus be likely to join the CVC investment fund, which raised nearly 2 billion euros at the end of April in Amsterdam, or more recently the owner of the Nina Ricci or Paco Rabanne brands, Puig, which was presented as the biggest IPO in Spain of the year.
With this renewed energy on IPOs, companies on the Old Continent have raised $12.4 billion since January, more than double the amount last year at the same time, says Bloomberg.
In Paris, the electro-optical equipment supplier Exosens announced last Thursday the approval of its registration document by the Financial Markets Authority (AMF). This is the first step before an arrival on Euronext Paris for Exosens, which wishes to follow in the footsteps of the project management software specialist Planisware whose first stock market steps were crowned with success last April.
Sabrina Sadgui – ©2024 BFM Bourse