[William Pesek] Prada gets my $1,500 as poor can live in envy
Mar 13, 2011
In the annals of fashionable timing, Prada SpA’s trip to Asia deserves a mention. It’s blowing off Milan and taking the largest initial public offering of a family-owned Italian company since 2006 to Hong Kong. The reason investors in Prada’s hometown must reach 5,800 miles away to buy the stock: Asia’s hot, Europe’s not. It gets even better for Prada. The $2 billion IPO will hit the investment ca