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Ferragamo prepares to float in Milan

Italian luxury brand Salvatore Ferragamo has been valued at €2.25bn (£2.01bn) as it prepares to float on the Milan Stock Exchange by the end of the month.

The brand is expected to start a road show in London with potential investors on June 13.

Previously analysts had predicted the company could be valued at €1.6bn (£1.4bn). It has also previously been reported that the brand plans to list 25% of its capital. Investment bank Mediobanca and J.P. Morgan will act as global coordinators and joint book runners.

Ferragamo is not the only luxury brand to think now is the right time to float, with luxury fashion house Prada also set for an IPO on the Hong Kong stock market this month.

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