default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Moncler IPO Shows Strong Investor Appetite

Moncler Gamme Bleu A/W 2013 | Source: Moncler
By
  • Associated Press

MILAN, Italy — The Italian luxury down jacket maker Moncler says investors sought more than 31 times the stock offered in its initial public offering.

Moncler said in a statement Wednesday that the company's market capitalization based on the final price of 10.20 euros ($14.06) is euros 2.5 billion euros ($3.44 billion).

The share sale indicated renewed investor appetite in Europe, with institutional investors, allotted 90 percent of the shares on offer, making orders for more than 20 billion euros.

Moncler shares are set to begin trading on Monday.

It floated about 27 percent of its shares for a partial buyout of strategic funds.

Chairman and creative director Remo Ruffini retains his 31.9 percent stake.

Copyright (2013) Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

In This Article
Organisations
Location
Tags

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The BoF Sustainability Masterclass Series
© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
The BoF Sustainability Masterclass Series