At what price per share did Prada go public in 2011?

At what price per share did Prada go public in 2011? Prada’s 2011 Hong Kong IPO was priced at HK$39.50 per share.

The listing took place on the Hong Kong Stock Exchange on June 24, 2011. Prada chose Hong Kong for its international investor base and its strong connection to luxury-goods consumers in Greater China and the wider Asian market. The offering helped the Italian fashion group raise substantial capital while giving public investors access to the company.

Prada’s debut followed years of expansion under Miuccia Prada and Patrizio Bertelli, including growth in handbags, footwear, ready-to-wear, and brands such as Miu Miu, Church’s, and Car Shoe. The price can be confused with early grey-market trading, when reports placed the shares below the official offer price. The quiz asks for the IPO offer price, not the first unofficial trading indications or later market quotations.