Prada IPO

Prada raises $2.1 billion from Hong Kong IPO

In response to a declining market, fashion retailer Prada sets the price in the bottom half of the range, but still at a premium to other luxury brands.
<div style="text-align:left;"> Miuccia Prada greets investors following a Prada fashion show in Hong Kong earlier this month (Getty Images) </div>
<div style="text-align:left;"> Miuccia Prada greets investors following a Prada fashion show in Hong Kong earlier this month (Getty Images) </div>
June 20, 2011

Prada has raised HK$16.7 billion ($2.1 billion) from its Hong Kong initial public offering after pricing its shares in the bottom half of the range at HK$39.50 each early Friday morning.

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