Golden Goose to Price Milan Share Sale Near Bottom of Range
- Offer priced at €9.75 per share, marketed for €9.50 to €10.50
- IPO is set to be Milan’s biggest since Lottomatica last year
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Golden Goose Group SpA is set to price its initial public offering near the bottom end of a marketed range amid concerns over the outlook for European luxury stocks.
The company’s IPO was priced at €9.75 a share, according to terms seen by Bloomberg, after it was marketed for €9.50 to €10.50. Assuming all 61.1 million shares are placed, the total offering size could be as much as €595.7 million ($639 million), valuing the company at about €1.7 billion, according to Bloomberg calculations.