Sneaker Brand Golden Goose Plans Biggest Italy IPO in a Year
- Company aims to raise €100 million, use money to reduce debt
- Owner Permira also plans to sell shares in the offering
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Luxury sneaker brand Golden Goose Group SpA is kicking off a Milan initial public offering that is poised to be Italy’s largest listing in over a year, buoying an uneven recovery in Europe’s equity capital markets.
Golden Goose aims to raise €100 million ($108 million) from selling new shares and its owner, the private equity firm Permira, plans to sell an unspecified amount of existing stock, the company said in a statement Thursday.