By and  on October 14, 2013

MILAN — Up to six luxury goods and fashion companies are looking to list in Milan in the first half of 2014, the head of the stock exchange said Monday.

Speaking to the press during the annual Luxury & Finance event — where top executives from luxury goods, fashion and lifestyle companies meet financial industry professionals and investors in one-on-one meetings — Raffaele Jerusalmi, the chief executive of Italy’s stock exchange, said that there is increasing interest in the stock market by luxury goods firms and fashion players.

While not giving out any names of companies ramping up for a listing next year, Jerusalmi said a few are looking to quote on the exchange’s AIM market for smaller firms. The potential listers include family-owned and private equity-owned companies.

Pointing to the Milan Stock Exchange’s efforts to encourage more firms to list, Jerusalmi cited how there are some 131 companies currently in the exchange’s Elite program, many of them luxury goods makers, which means the bourse’s operator is “creating a pipeline of potential listers.”

Elite, launched in 2012, is a program that helps small and often family-run businesses through their growth phases and doesn’t necessarily lead to stock market listings. However, it helps firms make all the preparations necessary for an eventual initial public offering.

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