Group said Tuesday the price range of its shares has been set between 9.50 and 10.50 euros. This implies a market capitalization of approximately 1.69 billion and 1.86 billion euros for the Italian company. The company also revealed that the first day of trading is expected to be June 21.
The IPO is aiming at strengthening the group’s capital structure, allowing operating investments and reducing the company’s debt, which last year amounted to 480 million euros.Thirty percent of capital will be floated by the current sole shareholder of the company, Astrum S.a.p.A. of Astrum 4 S.r.l. & C. In 2020, the company was acquired by the private equity fund Funds advised by Invesco Advisers Inc.
Golden Goose’s signature sneaker is the Superstar, introduced in 2007, and the brand has since launched more than 20 new models, but Campara is expanding its product offer with ready-to-wear and accessories. The group has been ranked first in the footwear sub-industry according to Sustainalytics’ ESG Rating, as of November 2023.In the statement, Golden Goose, which was established in 2000, said the company is pursuing a growth strategy based on five pillars: Continue nurturing leadership in; amplify brand awareness globally; evolve the group’s global presence; enhance the brand’s experiential journey, and selectively leverage new categories.