Moncler is preparing to land on the Stock Exchange. The clothing brand has received the green light from Consob and has filed the prospectus for the public sale offer, which opened at 9 this morning and will close on Wednesday 11 December, five days before Moncler's debut on Piazza Affari. set for December 16th.
The luxury down jacket brand, founded in 1952 at Monestier de Clermont (hence the name), but in the hands of the Italian entrepreneur Remo Ruffini since 2003, will place a maximum of 66.800.000 ordinary shares on the market, equal to 26,7% of the share capital (which could rise to 30,7% in the event of full exercise of the Greenshoe option).
The initial price for each share is established in the range between a minimum of 8,75 and a maximum of 10,20 euros, for a total valuation of between 2,1 and 2,5 billion euros and funding between 585 and 681 million euros. The offer would have already been fully covered within the established range.
Meanwhile Eurazeo, the French investment company which holds 31,2% of Moncler has announced its intention to acquire 19,71%, cashing in between 250 and 300 million euros.
