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Jimmy Choo Said to Begin Sale to Investors to Raise $280 Million

Jimmy Choo Ltd., the luxury shoemaker owned by JAB Holdings, is seeking to raise as much as 175 million pounds ($280 million) in its initial public offering, according to a person with knowledge of the matter.

The shares are on offer at 140 pence to 180 pence, valuing the company at 546 million pounds to 702 million pounds, the person said, asking not to be identified as they’re not authorized to speak publicly. The shoemaker is aiming for 25 percent of its shares to be freely traded, the person said.