The Industry Responded Coldly &Nbsp; PRADA Only Received 0.5 Times Subscriptions.

First landing in Hongkong list Italy luxury brand Prada ( PRADA It will be listed on the Hongkong Stock Exchange on the 24 th, and will decide to price HK $39.5 per share on the 23 day. The market is open to Prada. shares The response was cold, only 0.5 times the subscription.

According to the results of the ballot issued by PDA, the rate of public offering is 100%, that is, all applications are signed. The stock received 5950 applications for a total of 20 million 770 thousand shares, about 0.5 times as much as the public offering. Due to the shortage of public offering shares, the other 21 million 548 thousand shares were allocated to the international placement, while the placement was recorded in a moderate oversubscription.

Excluding the over allotment of shares, Prada issued about 423 million shares this time, raising about HK $16 billion 700 million. Of these, 86% were old stocks, while 72% of the old shares were all owned by Prada family and the rest were sold by another shareholder, Intesa Sanpaolo, St Paul, Italy. According to the final price of HK $39.5, the parent company and the Bank of St Paul cash in HK $10 billion 350 million and HK $4 billion 20 million respectively.

Prada will be officially listed on the HKEx on 24, with Goldman Sachs and Lyon as its sponsor. Liang Fengyi, the deputy director of the Hongkong financial affairs and Treasury Bureau, recently said that Hongkong and many countries have signed a agreement to avoid double taxation, and the tax bureau has discussed it with Italy and will discuss the next round of discussions. According to past experience, the dividend withholding tax rate can also generally be reduced.