Prada IPO: Italy’s fashion house Prada plans IPO: Finance Trading Times

Prada IPO: Italy’s fashion house Prada plans IPO

Italy is known for fashion and style and the name Prada does not need any introduction to it.
Prada’s earnings for 2007 have been fabulous. Despite the global recession, it seems that the people are still spending heavily on trendy gears and costly fashion outfits. Hence, the earnings for Prada for the year 2007 went up by almost 66%, which is its best ever in the recent times.

Net profit For Prada was almost 127 million euros (or $200 million) in the previous financial year of 2007. Prada said revenues were 1.661 billion euros, up 14.1 percent. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 33.9 percent to 316 million euros.

This has led to the market speculations that Prada may soon come out with the much awaited IPO. Though Prada has been delaying the IPO citing the reasons of turbulent and volatile stock markets, but the strong set of numbers make a very good case for Prada to come out with an IPO at this time. The expectations are that anytime during this year Prada may come out with its IPO or Initial Public offering.

Areawise, Prada managed to grow mainly in the emerging markets region – 42% rise in sales in Asia Pacific region. On the American side, it had almost 11% rise.
Banca IMI, Goldman Sachs, UniCredit MIB are the book running lead managers for Prada IPO. Wait for further developments! Table of Contents
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