Celebrity-Favorite Sneaker Brand Targets Biggest Italian IPO Since 2023
- Golden Goose aims for a $2 billion valuation in its upcoming IPO
- The company is known for making scruffy sneakers worn by celebrities like Taylor Swift, Selena Gomez, and Gwyneth Paltrow
- Italian shoe seller sets price range at €9.50 to €10.50 per share
- Golden Goose seeks to raise up to €558 million by selling a 30% stake in the company
- IPO is set for June 21, 2024 on Euronext Milan
- Currently owned by British private equity firm Permira
- Golden Goose generated €587 million in revenue with an 18% year-on-year increase
- CEO Silvio Campara believes the IPO will bring shoes to a broader audience
Golden Goose, the popular sneaker brand favored by celebrities like Taylor Swift and Selena Gomez, is targeting a valuation of up to $2 billion in its upcoming initial public offering (IPO). The Italian shoe seller has set a price range of €9.50 to €10.50 per share, aiming to raise up to €558 million by selling a 30% stake on the Euronext Milan stock exchange on June 21, 2024. The company, currently owned by British private equity firm Permira, generated €587 million in revenue with an 18% year-on-year increase and believes the IPO will bring its shoes to a broader audience.
Factuality Level: 8
Factuality Justification: The article provides accurate information about the company’s financial performance, its celebrity endorsements, and the upcoming IPO details. It also includes quotes from relevant sources. However, there are minor grammatical errors and some dates seem to be incorrect (e.g., 2023 instead of 2021).
Noise Level: 7
Noise Justification: The article provides information about a company’s IPO and its financial performance but lacks in-depth analysis or exploration of the factors contributing to its success or potential risks. It also includes some irrelevant details such as celebrity endorsements.
Public Companies: Golden Goose (N/A)
Private Companies: Permira,Doc Martens,Valentino
Key People: Francesco Pascalizi (Permira’s representative), Silvio Campara (CEO of Golden Goose)
Financial Relevance: Yes
Financial Markets Impacted: Italian financial markets, specifically the Euronext Milan stock exchange
Financial Rating Justification: The article discusses an initial public offering (IPO) of Golden Goose, a luxury sneaker brand, aiming for a valuation of up to €1.86 billion ($2.0 billion, and its impact on Italy’s largest public float since Lottomatica’s listing last year. The IPO will affect the Euronext Milan stock exchange in Italy.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
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