The devil floats Prada

At US$2.1 bn dollars, it’s the 2nd biggest IPO of the year on Hong Kong exchange.

In a report by Dealogic, globally, the deal is also fifth biggest IPO transaction in 2011 YTD.

This listing pushes Hong Kong Exchange New Listings volume to US$23.3bn in 2011 YTD – up 267% year-on-year.

Glencore International of Switzerland topped Prada’s listing with a 10-billion-dollar IPO.

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