Luxury Sneaker Maker Golden Goose Postpones Planned IPO
- Permira-backed sneaker maker shelves its planned listing
- Was set to price its IPO at the lower end of a marketed range
A customer tries on a pair of sneakers at a Golden Goose store in London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Golden Goose Group SpA postponed its Milan listing at the last minute on concerns that the stock would fall on its debut, even after it tempered its valuation expectations.
While there was enough demand for the shares being offered, the Permira-backed sneaker firm was set to price at €9.75 a share, toward the lower end of its its €9.50 to €10.50 range. That, paired with volatility across European equity markets, fueled concern the stock would fall after the debut, according to people familiar with the transaction.