By and  on June 12, 2011

HONG KONG — During a fittingly East-meets-West afternoon tea complete with Chinese dim sum and Italian pastries, Prada on Sunday outlined the financial details of its long-awaited initial public offering, which could raise as much as $2.61 billion.

Executives from the company’s board spoke by video conference from Milan and only took a handful of questions from the journalists assembled at the Shangri-La hotel here.

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