Jimmy Choo made his debut on the stock market in the aftermath of a particularly bad day for the markets, but he fared well. After all, today the same London price list is breathing after yesterday's fall, and the debut of the luxury shoe company is therefore in (slightly) positive territory: after an opening at 141 pence, the freshman has slightly retraced, but around 11 Italian prices rose by 0,18% to 140,25 pence.
Jimmy Choo's parent JAB Luxury has floated 25% of the company at the low end of its original price range of 140-180 pence per share, at a valuation of £545,6m. The stock holds its ground, respecting the target, despite the delicate days for the markets which had, for example, induced the British bank Aldermore, which also had its debut on the Ftse 100 on its agenda for today, to cancel the IPO due to the negative conditions of the markets.
In Italy, a step back has been taken in recent weeks by Intercos, a company active in the marketing of cosmetics, and by the internet company Italiaonline. The performance of the Jimmy Choo stock is seen by many investment banks as a test to see if the next IPOs will be able to support the current market phase.
