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Jimmy Choo valued at £545.6m ahead of IPO next week

Luxury footwear label Jimmy Choo is to be valued at £545.6m when it floats on the London Stock Exchange on October 22.

The business is pricing its initial public offering at the bottom of its price range at 140p per share. The company’s original range was 140p-180p, which narrowed to 140-160p earlier this week.

Jimmy Choo is offering 25.9% of the business in the deal.

Jimmy Choo chief executive Pierre Denis said the announcement marked an “important milestone” for the brand.

“[It] recognises not only the appeal of our high quality products but also confidence in our ability to outperform the luxury shoe market. We welcome our new shareholders and look forward to sharing with them the continuing momentum of this exceptional brand.”

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