Reported about 1 year ago
Golden Goose Group SpA is seeking to raise about €558 million ($600 million) in its initial public offering for the luxury sneaker brand, with the company and its owner Permira planning to sell about 30% of its share capital. The IPO, expected to be Milan's biggest since 2023, may give Golden Goose an implied market value of €1.7 billion to €1.9 billion. The Italian brand, known for its customizable shoes, is aiming for net sales of about €1 billion by 2029 and is joining other companies like CVC Capital Partners Plc and Puig Brands SA in Europe's revived listings market this year, with IPO volumes doubling to almost $13.3 billion in 2024 compared to 2023.
Source: YAHOO