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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)