By  on June 16, 2011

HONG KONG — Prada has narrowed its initial public offering price range to come in on the lower end of its initial guidance, according to a person familiar with the situation.


The fashion house is now pricing its shares between 39.50 Hong Kong dollars and 42.25 Hong Kong dollars, or $5.07 to $5.24, per share, according to the source. Priced on the top of that new range, the company stands to raise a maximum of $2.3 billion. Earlier indications were that it stood to generate as much as $2.6 billion.

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