MILAN: Fashion house Prada has applied for a Hong Kong initial public offering (IPO) which could value the Italian firm at around 8 billion euros (US$11bil) and allow it to draw Asian investors.
The fashion house, known for its cutting-edge Prada bags and colourful Miu Miu dresses, filed on Wednesday an A1 application form with the Hong Kong stock exchange with the aim of floating this summer, a source said yesterday. Prada declined to comment.
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