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Children’s Wear Firm Monnalisa Eyeing IPO by JuneThe goal of the listing of the family-owned Monnalisa is mainly to accelerate the growth and the international presence of the group, in particular in the retail and e-commerce channels.
[Collection]MILAN — As it marks its 50th anniversary, Italian high-end children’s wear firm Monnalisa SpA is planning to publicly list on the Alternative Market of Capital segment of the Milan Stock Exchange by June this year. The procedures to list on AIM, which targets small and medium-size firms, are much faster and more streamlined than on the Bourse. Fiat heir Lapo Elkann’s Italia Independent is listed on this segment, for example.
Monnalisa, which is part of the Elite-Borsa Italiana group since April 2016, has selected KT&Partners as financial adviser; CFO Sim as nomad and global coordinator, as well as Ernst & Young, Simmons & Simmons and Epyon to prepare for the initial public offering. Communication will be managed by Spriano Communication & Partners. Borsa Italiana’s Elite program is designed to help firms open up to outside capital through stock market listings, or by preparing them for sales to private equity.
In 2017, Monnalisa, which produces and distributes high-end children’s wear for children up to age 16 under the Monnalisa, Jakioo and Hitch-hiker monikers, reported sales of 47.7 million euros, up 18 percent compared with 2016. Earnings before interest, taxes, depreciation and amortization climbed 56.6 percent to 6.6 million euros and exports accounted for 67 percent of sales.
“Monnalisa
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