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Ferragamo Eyes $576M Milan IPO

Salvatore Ferragamo is seeking to raise around $576.2 million in an initial public offering.

Salvatore Ferragamo is seeking to raise around $576.2 million in an initial public offering, Bloomberg reports. The Italian shoe maker intends to sell around 38.3 million shares of the company, equivalent to a 23% stake.

The Florence-based company, which first considered listing in 2008, will list its shares on Borsa Italiana, adds Reuters.Italian banks Mediobanca and Intesa Sanpaolo’s Banca IMI, as well as JP Morgan are global coordinators and joint bookrunners for the offering.

Click here for the story from Bloomberg.

Click here for additional coverage from Reuters.

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