PARIS — The long-awaited initial public offering of Prada could come in 2005, chief executive officer Patrizio Bertelli said at a conference here.

Bertelli said Prada plans to revisit its IPO plans before $700 million of the company’s bonds reach maturity. Those bonds are convertible into Prada shares if and when the firm goes public. If there’s no IPO by mid-2005, Prada has to reimburse the bondholders.

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