MILAN — Moncler on Wednesday kicked off its roadshow, which will end on Dec.11.
The company said it's floating 66,800,000 ordinary shares, representing 26.7 percent of its share capital (30.7 percent with the Greenshoe option). Moncler is offering shares ranging from 8.75 euros, or $11.87 at current exchange rates, to 10.20 euros, or $13.84.
The IPO will value the company at between 2.19 billion euros and 2.55 billion euros, or between $2.97 billion and $3.46 billion.
Moncler's selling partners are ECIP M., controlled by Eurazeo SA; CEP III, controlled by The Carlyle Group, and Brand Partners 2,controlled by Progressio Investimenti. Eurazeo holds 45 percent of the firm; Carlyle, 17.8 percent, and Progressio Investimenti, 4.9 percent.
Chairman and creative director Remo Ruffini will maintain his 32 percent stake.
On Thursday, ECIP M said it would put 36.85 percent of its shareholding interest up for sale, and that six days after the IPO it would allocate 5.08 percent of Moncler's capital to non-Eurazeo shareholders and Eurazeo Partners, leaving it with 23.3 percent of Moncler capital.
Eurazeo SA — thus having sold roughly 37 percent of its Moncler shares in all — would be left holding about 19.71 percent of the fashion brand’s share capital, taking into account its investment in Eurazeo Partners.
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