Moncler’s stock took a step back during its second day of trading on the Milan Stock Exchange, but the company is still well ahead after its blockbuster debut on Monday.
Shares of the outerwear firm closed down 5.5 percent Tuesday to 14.15 euros, or $19.46 at current exchange. The stock hit a high of 14.75 euros, or $20.30, in midday trading and closed 38.7 percent ahead of its initial opening price of 10.20 euros.
The offering was 27 times oversubscribed and ultimately moved 76.8 million shares into public hands.
A total of 744 institutional investors applied for shares, including 55 from Italy and 689 from abroad.
The offering made headlines in Italian newspapers, almost all hailing the company’s “boom debut” on the Bourse. Financial daily Il Sole 24 Ore underscored how the brand’s first day as a publicly listed company eclipsed that of Royal Mail in October, which saw a 38 percent gain.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive
For @simonerocha_‘s fall show, hairstylist @jamespecis created a look inspired by the painter John Constable. Models’ hair was pulled back, tied into knots and topped off with a bow. (📷: @kukukuba) #wwdbeauty #lfw
Queen Elizabeth made a surprise appearance at @richardquinn1's London Fashion Week show to present the designer with the inaugural Queen Elizabeth II Award for British Design. The new award will be handed out annually to an emerging British fashion designer who shows exceptional talent, while demonstrating value to the community and sustainable policies. #wwdfashion #lfw (📷: @giovanni_giannoni_photo)