Dominion Lending Centres Clearlease Reports Prada gets nod for $2 billion Hong Kong IPO
VANCOUVER, BC (May 20, 2011) Clearlease Reports Italian luxury fashion house Prada has been given the green light today, Friday MAy 20, 2011 to launch an initial public offering in Hong Kong in June, in which it aims to raise up to US$2 billion, a report said Friday.
The family-owned fashion giant is looking to begin bookbuilding for institutional investors in the second week of June after receiving regulatory approval in the southern Chinese city, Dow Jones Newswires reported, quoting an unnamed source.
The Hong Kong Stock Exchange said they would not comment on any listing application status, while Prada’s spokeswoman in Hong Kong did not immediately return calls from AFP.
The Milan-based group filed a request for its highly anticipated public offering in March, in an offer which it plans to sell 20 percent of its shares. The move would value the group at up to eight billion euros ($11.3 billion).
Prada, which includes the Prada, Miu Miu, Church’s and Car Shoe brands is 95 percent controlled by the Prada family and executives.
Prada announced in January it would make its first public listing on the Hong Kong bourse in a sign of Asia’s growing appetite for designer goods, especially to tap the cash-rich mainland Chinese markets.
China is the world’s fastest-growing market for luxury goods.
It is forecast to be the world’s top buyer of products such as cosmetics, handbags, watches, shoes and clothes by 2015, according to consultancy PriceWaterhouseCoopers.
It will join a slew of other luxury fashion brands also eyeing a listing in Hong Kong, including US upscale handbag maker Coach and luggage maker Samsonite.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (May 20, 2011) Clearlease Reports Italian luxury fashion house Prada has been given the green light today, Friday May 20, 2011 to launch an initial public offering in Hong Kong in June, in which it aims to raise up to US$2 billion, a report said Friday.
The family-owned fashion giant is looking to begin book building for institutional investors in the second week of June after receiving regulatory approval in the southern Chinese city, Dow Jones Newswires reported, quoting an unnamed source.
The Hong Kong Stock Exchange said they would not comment on any listing application status, while Prada’s spokeswoman in Hong Kong did not immediately return calls from AFP.
The Milan-based group filed a request for its highly anticipated public offering in March, in an offer which it plans to sell 20 percent of its shares. The move would value the group at up to eight billion euros ($11.3 billion).
Prada, which includes the Prada, Miu Miu, Church’s and Car Shoe brands is 95 percent controlled by the Prada family and executives.
Prada announced in January it would make its first public listing on the Hong Kong bourse in a sign of Asia’s growing appetite for designer goods, especially to tap the cash-rich mainland Chinese markets.
China is the world’s fastest-growing market for luxury goods.
It is forecast to be the world’s top buyer of products such as cosmetics, handbags, watches, shoes and clothes by 2015, according to consultancy PriceWaterhouseCoopers.
It will join a slew of other luxury fashion brands also eyeing a listing in Hong Kong, including US upscale handbag maker Coach and luggage maker Samsonite.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports Prada gets nod for $2 billion Hong Kong IPO
VANCOUVER, BC (May 20, 2011) Clearlease Reports Italian luxury fashion house Prada has been given the green light today, Friday MAy 20, 2011 to launch an initial public offering in Hong Kong in June, in which it aims to raise up to US$2 billion, a report said Friday.
The family-owned fashion giant is looking to begin bookbuilding for institutional investors in the second week of June after receiving regulatory approval in the southern Chinese city, Dow Jones Newswires reported, quoting an unnamed source.
The Hong Kong Stock Exchange said they would not comment on any listing application status, while Prada’s spokeswoman in Hong Kong did not immediately return calls from AFP.
The Milan-based group filed a request for its highly anticipated public offering in March, in an offer which it plans to sell 20 percent of its shares. The move would value the group at up to eight billion euros ($11.3 billion).
Prada, which includes the Prada, Miu Miu, Church’s and Car Shoe brands is 95 percent controlled by the Prada family and executives.
Prada announced in January it would make its first public listing on the Hong Kong bourse in a sign of Asia’s growing appetite for designer goods, especially to tap the cash-rich mainland Chinese markets.
China is the world’s fastest-growing market for luxury goods.
It is forecast to be the world’s top buyer of products such as cosmetics, handbags, watches, shoes and clothes by 2015, according to consultancy PriceWaterhouseCoopers.
It will join a slew of other luxury fashion brands also eyeing a listing in Hong Kong, including US upscale handbag maker Coach and luggage maker Samsonite.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk