Golden Goose sets the price of the IPO at 9,75 euros. According to sources reported by Bloomberg, this price is at the bottom of theindicative price range, which varied from 9,5 to 10,5 euros per share. The company aims to collect among 1,693 billion and 1,860 billion euros through the sale of new shares and the reduction of the stake of its main shareholder, the fund Permira, which acquired Golden Goose in 2020 for around 1,3 billion euros. Permira plans to sell around 43 million shares as part of the IPO, with Invesco Advisers Inc. already committed as an anchor investor, with a commitment of 100 million euros at the final share price.
The luxury sneakers ready to list on the stock exchange on June 21st
Il debut of the Venetian company that produces luxury sneakers on the stock exchange is expected to Friday June 21, when 30% of the company's capital will be tradable on Piazza Affari in Milan. This event not only positions Golden Goose among the prestigious Italian luxury houses listed on the stock exchange, but also represents the largest IPO in Milan since the launch of Lottomatica for 599 million euros last year.
Despite the volatile economic environment and theuncertainty on European markets, strong investor interest in Golden Goose's initial public offering remains high.
I proceeds of the IPO will be crucial to supporting Golden Goose's growth and development plans, including paying down corporate debt and expanding operations. Golden Goose's ambitious goal is to achieve a turnover nett of around 1 billion euros by 2029, confirming itself as a leader in the Italian artisanal luxury segment.
