| Updated:
Prada raises $2.1bn in float
Italian fashion house Prada cut the final price of its closely-watched Hong Kong stock market flotation by almost a fifth, raising $2.1bn.
Prada had originally planned to raise $2.6bn but suffered from a downturn in confidence across world markets.
The luxury goods company set what is Hong Kong’s biggest float this year at the lowest end of its revised indicative price range, sources with direct knowledge of the deal said on Friday.