Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

Prada Eyes Hong Kong IPO

E-mail Print PDF

IPO_1 October 6, 2010 (Chinavestor) Prada, the glitzy Italian fashion designer, is considering a Hong Kong initial public offering in the first half of next year, perhaps the latest sign that the number of affluent consumers in China is indeed soaring.

It may be best to temper excitement for the offering because Prada has scuttled IPO plans four times in the past decade. The company might raise more money having a primary listing in Hong Kong than in Milan as individual investors are more active in Asia, Bloomberg News reportedm, citing people familiar with the talks.

Prada is expecting 2010 sales of $2.75 billion and could make a decision on the Hong Kong IPO by the end of the year. The company may hire banks to advise on the IPO as soon as next month, Bloomberg reported. In addition to its namesake brand, Prada also owns the Miu Miu, Car Shoe and Church’s brands.

Prada is certainly at the higher end of the consumer discretionary food chain as mens shirts carrying the lable can cost in excess of $400 and it is common for Prada handbags for women to carry four-figure price tags.



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!