Versace fashion maison mulls ipo by the end of 2016, Il Corriere della Sera wrote, adding that the group. which is led by ceo Gian Giacomo Ferraris and controlled by the Versce family and by Blackstone funds (with a 20% stake, see here a previous post by BeBeez), posted 548.7 million euros in revenues in FY 2014 (+16.9%), after five consecutive years of growth at 15-17% average rate. Ferraris expects revenues up to 650 million euros this year and to 800 millions in 2017.
Versace’s path towards ipo started some weeks ago when the Board of Directors voted a 2 million euros’ capital increase reserved to managers, board members and advisors still to be indentified. All these people will be assigned special shares called “ipo shares” before the listing. Those shares will represent a 4% stake in Versace’s capital.
Each ipo share is valued 14 euros which means that now Versace is valued 1.14 billion euros, while by the time of the ipo share holders are expecting at least a 2 billion euros evaluation for the group.
The ipo might take place in Milan or in New York City, Il Sole 24 Ore wrote a few days ago.
