Prada plans a second listing in Milan in 2023

PARIS (Agefi-Dow Jones)–Luxury group Prada is considering a second listing on the Milan Stock Exchange to broaden its shareholding and raise at least $1 billion (about 970 million euros), reported Friday Bloomberg, citing sources familiar with the matter.

The Italian company, which is already listed on the Hong Kong Stock Exchange, has secured the services of Goldman Sachs to move towards a second listing in Milan. This could take place next year. However, neither the amount nor the timetable have been decided, and no final decision has been taken, specifies Bloomberg.

Contacted by the Agefi-Dow Jones agency, a spokesperson for Prada was not immediately available to comment on this information.

For the first half ended at the end of June, the Milanese group published a turnover up 22% over one year, to 1.9 billion euros, and a virtual doubling of its net profit, to 188 million. euros.

-Francois Schott, Agefi-Dow Jones; +33 (0)1 41 27 47 92; [email protected] ed: LBO


Agefi-Dow Jones The financial newswire

Dow Jones Newswires

August 12, 2022 10:06 ET (14:06 GMT)

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