ITALY: Prada’s IPO Timing Puzzles Analysts
Demand for Prada Holding BV's initial public offering of stock, expected in June, is considered strong, although the timing puzzles some analysts. The fashion group's IPO would create a public luxury-goods group to rival leaders LVMH and Gucci. The industry's tumbling market valuations would make the Prada shares a good deal for investors, analysts said, but they added that it isn't clear whether the offering would be so good for Prada.