Reported 8 months ago
Golden Goose Group SpA, a luxury sneaker maker backed by Permira, has decided to postpone its planned initial public offering (IPO) due to a drop in luxury stock valuations caused by political uncertainty in Europe. Demand for the shares was strong, with Invesco set to take €100 million of the shares as a cornerstone investor. The postponed IPO was expected to raise up to €595.7 million, valuing the company at around €1.7 billion, and Golden Goose was planning to sell about 10.5 million shares.
Source: YAHOO