Prada’s road show is charging full steam ahead. While heading to Hong Kong today, and afterward scheduled to travel on to London, Milan and New York, its first leg in Singapore on Monday drew bids for all the shares reserved for institutional investors, according to a source. A Prada spokesman declined to comment.
“The road show is a way to gauge investors’ interest. Prada will then appraise their portfolio of orders and, based on this, they will define the price,” said a Milan-based analyst, who requested anonymity. “If Prada sees that the offer is oversubscribed, they will opt for the highest point in the fork and may even choose to raise the price.”
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?"