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May 21, 2011

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Prada offering

CATWALK powerhouse Prada moved a step closer to its planned US$2 billion initial public offering after receiving approval to list its shares in Hong Kong, two sources said yesterday.

The Italian luxury goods company received the go-ahead after a meeting on Thursday night with the Hong Kong stock exchange's listing committee. The IPO would be the first for an Italian company in Hong Kong.

 

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