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AFP
Published
Dec 19, 2007
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Prada to go public next year

By
AFP
Published
Dec 19, 2007

MILAN, Dec 19, 2007 (AFP) - Italian luxury goods group Prada said Wednesday, december 19th that it planned to be listed on the Milan stock market by the end of next year.


Prada ad campaign fall-winter 2007/2008

The Milan-based fashion house's board of directors gave the green light for the listing, it said in a statement.

It designated Intesa Sanpaolo, Unicredit and Goldman Sachs as coordinators of the initial public offering, while Milan's business bank Mediobanca was named as an advisory bank.

The proposed listing will depend on "market conditions," the statement said.

Efforts to go public in 2000 and 2001 were scrapped because of market considerations.

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