MILAN — Moncler SpA on Friday received the green light from the Italian Stock Exchange to proceed with its public listing.

This story first appeared in the November 25, 2013 issue of WWD. Subscribe Today.

The Italian luxury brand still needs to wait for approval from Consob, Italy’s equivalent of the Securities and Exchange Commission, which is expected next week, before it kicks off its two-week road show. Following Consob’s approval, Moncler will reveal the number of shares it plans to put on the market and the price range and it will publish its prospectus.

After months of speculation and a shelved initial public offering in 2011, Moncler on Oct. 14 filed documents to list on Italy’s Bourse.

Sources indicate that the IPO is expected to take place in mid-December and that the company will float around 30 percent of its total shares. Industry sources said Moncler’s IPO could value the company at around 2 or 2.4 billion euros, or $2.68 to $3.22 billion at current exchange.

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Moncler’s selling partners are ECIP M., controlled by Eurazeo SA; CEP III, controlled by The Carlyle Group, and Brand Partners 2, controlled by Progressio Investimenti. Eurazeo holds 45 percent of the firm; Carlyle, 17.8 percent, and Progressio Investimenti, 4.9 percent.

Chairman and creative director Remo Ruffini will maintain his 32 percent stake.

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