Golden Goose targets $2 billion market cap in Milan IPO

Golden Goose targets $2 billion market cap in Milan IPO

By

Reuters

Published



Jun 11, 2024

Golden Goose is aiming for a market capitalization of up to 1.86 billion euros ($2 billion) in its initial public offering on the Milan bourse, the Italian luxury sneaker maker said on Tuesday.

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The company set the price range for the share listing between 9.50 euros and 10.50 euros each and the free float will be equal to 30% of the company share capital, before the exercise of the greenshoe option, it said in a statement.

Golden Goose, whose shoes sell for around 500 euros a pair, was valued at 1.3 billion euros when it was acquired by private equity firm Permira in 2020.

The first day of trading is expected on June 21.

© Thomson Reuters 2024 All rights reserved.

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