UPDATE ON IPO PRADA

 

Prada’s efforts to woo retail investors to its planned US$2.6bn  initial public offering in Hong Kong have met resistance, with some  potential buyers put off by the prospect of having to pay Italian capital gains  tax and dividend withholding tax.

The IPO is still on track because at least 90 per cent of the shares will be  allotted to institutional investors, and the offer is more than four times  subscribed, two people familiar with the matter said.

 

Categories: Financial Fashion News

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