HONG KONG — Prada SpA has priced its initial public offeringon the lower end of its freshly narrowed price guidance and will raise$2.14 billion from the deal, according to sources familiar with thesituation.
The Italian fashion house has priced its shares at39.50 Hong Kong dollars, or $5.06 a share, sources said Friday. Facing atepid reception for retail shares and slumping stock markets worldwide,Prada’s IPO price comes in on the bottom of the most recent priceguidance of 39.50 Hong Kong dollars to 42.25 Hong Kong dollars, or $5.06to $5.42 a share.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"