The IPO of Moncler is approaching in great strides. The clothing company started the pre-marketing activity today in view of the landing in Piazza Affari, which will lead it to list around 30% of the capital. The exact dates of the placement have not yet been communicated, but usually about a month passes from pre-marketing to the offer. Over the weekend, some newspapers wrote that the IPO is expected for the next one 10th December.
“I think there will be a lot of interest in the deal – commented a trader quoted by the Reuters agency -. They will do it quickly, based on what I've heard from investors." The transaction should be worth approximately 750 million euros, based on a valuation of 100% of Moncler equal to approximately 12,5 times the 2012 Ebitda (170 million euros). The global coordinators of the operation are Goldman Sachs, Bank of America, Merrill Lynch and Mediobanca. Banca Imi, JP Morgan, Nomura and UBS act as joint book-runners, while BNP Paribas, Equita Sim and HSBC are lead managers.
Moncler's current shareholding is made up as follows: Eurazeo 45%, Ruffini Partecipazioni 32%, Carlyle 18%, Brands Partners (Progressio Sgr) 5% and Sergio Buongiovanni 0,3%.
