Private equity-backed luxury clothing retailer Moncler has priced its IPO at between €8.75 and €10.2 per share, which would value it at up to €2.5bn.
The company’s owners including Eurazeo and Carlyle will raise between €585m and €681m via the IPO.
Eurazeo will reduce its 45 per cent stake by 14 per cent, while Carlyle will sell half of its 18 per cent interest, according to Bloomberg.
It was previously reported that the company could be valued at €3bn in an IPO.
Moncler, which posted an EBITDA of €161.5m on revenues of €489.2m last year, currently operates 122 single-brand stores in Italy, the rest of Europe, Asia and North America.
Shares in Moncler are set to begin trading on Milan’s stock exchange on December 16, a source told Reuters.
Goldman Sachs International, Bank of America Merrill Lynch and Mediobanca will act as joint coordinators for the IPO, while Banca IMI, JP Morgan, Nomura and UBS will serve as joint bookrunners.
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