Moncler expects to raise as much as $1.1bn from its entry on the Italian stock exchange

Moncler expects to raise as much as $1.1bn from its entry on the Italian stock exchange

Luxury apparel group Moncler could raise as much as $1.1bn from its entry on the Italian stock exchange if it reaches the upper end of its indicative price range.

The firm, best known for its iconic down jackets, has priced its initial public offering at between EUR8.75 and EUR10.20 (US$11.9-13.9) per ordinary share.

The final IPO price should be set by 13 December and trading of Moncler shares could start on 16 December, a statement said. A "greenshoe option" means the size of the offering could also be increased by 15%.

French investment company Eurazeo, which is Moncler's biggest shareholder with a 45% stake, is planning to sell around 37% of its stake, leaving it with around 19.7% of the company's share capital.

The other shareholders in Moncler are its chairman Remo Ruffini (32%) and investment funds Carlyle (17.8%) and Brand Partners (5.2%).

The Moncler group's brands also include Henry Cotton's, Marina Yachting, Coast and Weber & Ahaus. It also holds the license for the 18CRR81 Cerruti label.

Its 2012 turnover rose by 18% on the previous year to EUR489m (US$662m) on a comparable floor space basis. Turnover is expected to grow by a further 16% this year.