Luxury retailer Moncler lists on Borsa Italiana
"The extraordinary result recorded by the Moncler IPO, one of the icons of Italian entrepreneurship success and capable of creating over 20 billion euros of international demand, confirms Borsa Italiana as one of the most efficient and competitive exchanges in attracting the interest of investors from around the world."
(Right to left: Moncler CEO, Remo Ruffini & Borsa Italiana CEO, Raffaele Jerusalmi)
Luxury retailer, Moncler, lists on Borsa Italiana
- Shares rise 40 per cent on debut
- Raises 681 million euros
- Company valued at 2.5bn euros
50 Moncler models lined the steps of Borsa Italiana today, dressed in the luxury retailer’s trademark padded ski jackets, to mark the company’s first day of trading on the Italian Stock Exchange.
Shares in the Italian company moved up over 40 per cent amid very heavy trading following its IPO which was 27 times oversubscribed. The IPO, was the largest in Italy for 3 years, raising 681 million euros.
Moncler follows in the footsteps of other luxury companies listing on Borsa Italiana including Ferragamo, Bruno Cucinelli and Moleskine which have helped the Italian exchange establish itself as the pre-eminent global venue for the luxury, fashion and design sectors.