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Made in Italy Drives Milan IPOs to Best Year in a Decade

Surge in listings on stock exchange driven by improving economy

Going public is fashionable in Italy’s fashion capital: Initial public offerings on the stock exchange in Milan are booming, heading for the most listings in at least a decade, with 30 companies trading already and as many as 12 more projected by year-end. Tire company Pirelli & C. SpA returned to the market on Wednesday, while Valentino Fashion Group and restaurant chain Eataly may be in the pipeline for next year. Investor demand is picking up as Italy’s economy recovers and the banking system stabilizes.

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