Bankers Rush to Milan in $600 Sneakers For Golden Goose IPO

Bankers vying for a role on a possible initial public offering of Golden Goose showed up at pitch meetings wearing pairs of the luxury Italian shoemaker’s $600 sneakers, people with knowledge of the matter said.

Roughly a dozen banks competed last week in a so-called bakeoff for roles on a potential Milan listing of Golden Goose, according to the people. Bankers pitched valuations of €3 billion ($3.3 billion) to €4 billion for the company, they said, asking not to be identified because the information is private.