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Prada considers IPO

Prada is considering an IPO next year, the Italian house’s fifth flotation in ten years.

Prada is looking at a flotation in Hong Kong, according to reports, in recognition of the growth potential in the Asia region.

It is also looking at floats in London, New York and Milan.

The company is 95% owned by Miucca Prada and her husband Patrizio Bertelli.

A company spokesman said: “[Next year] is a possible timeframe for listing, but it is still open. A decision will be made depending on market conditions.”

A flotation would enable Prada to pay down its debts of about €1bn (£876m). Analysts said the Italian fashion house could be valued at between €4.5bn (£3.9bn) and €6.7bn (£5.8bn).

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