20 Jun 2011

Prada lists on Hong Kong stock exchange

8:17 am on 20 June 2011

Fashion house Prada has raised $US2.1 billion through its initial public offering on the Hong Kong stock exchange.

But the shares were priced at the lower end of a target range, raising less than the $US2.6 sought.

Prada is the first Italian company to list in Hong Kong as it seeks to tap China's appetite for luxury goods.