Bourse Listing: Michael Kors prepares $900m IPO
The company will offer up to 47.96 million shares at $17 to $19 a share.
NEW YORK:
Michael Kors Holdings Ltd, the US luxury fashion and accessories brand, announced that it was preparing an initial public offering in New York, hoping to raise about $900 million. The company, whose shares will be listed on the New York Stock Exchange, will offer up to 47.96 million shares, including eventual over-allotment options if demand is strong, at $17 to $19 a share. That would represent a possible total of $911 million, according to the prospectus filed with the Securities and Exchange Commission.
Published in The Express Tribune, December 4th, 2011.
Michael Kors Holdings Ltd, the US luxury fashion and accessories brand, announced that it was preparing an initial public offering in New York, hoping to raise about $900 million. The company, whose shares will be listed on the New York Stock Exchange, will offer up to 47.96 million shares, including eventual over-allotment options if demand is strong, at $17 to $19 a share. That would represent a possible total of $911 million, according to the prospectus filed with the Securities and Exchange Commission.
Published in The Express Tribune, December 4th, 2011.