Hong Kong-listed Prada to explore dual listing

Hong Kong-listed Prada to explore dual listing

THE WHAT? Prada is said to be considering listing on the Milan Bourse. The Italian fashion designer is currently listed in Hong Kong and is mulling a dual listing on its home turf.

THE DETAILS According to a report published by Reuters, Prada CEO, Andrea Guerra, a dual listing is not a ‘priority’ for the luxury label. The brand is focused on organic growth and will not be seeking out mergers or acquisitions in the next three to five years.

THE WHY? A dual listing would broaden Prada’s investor base, Reuters reports, granting access to investment funds that are limited to European and US stocks.

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