MILAN — Aeffe SpA shares fizzled in their stock market debut Tuesday, losing 4.6 percent on their first day of trading.
Already last week it was evident the IPO, Italy's first fashion stock market offering in years, wasn't sparking a great deal of investor interest. Despite demand for nearly double the amount of shares on offer, Aeffe shares were priced at 4.10 euros ($5.66 at current exchange) a share, the bottom end of the initial valuation range.
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?"