|Prada Spring 2011 pic via Style.com|
Friday, April 1, 2011
So apparently for real this time (5 times over the last 10 years) Prada is going public people! It’s the company that cried wolf or not we’ll see in July. As of yet no price is set for the IPO but I can guess it won’t be cheap, so can we regular fashion lovers get a piece of the action? It would be very grown up to invest in a few slices of the brand so the MiuMiu heels and Prada bags can eventually pay for themselves with the return of investment…totally possible since 2010 saw an increase in revenue, still getting access to the deal won’t be easy and then we have yet to learn how many shares will be offered, how many allotted to each financial institution handling the thing, etc. Also cero expectations on getting a big profit and the possibility that if the thing plummets thou shall give unto them even more cash to cover whatever and more. So yeah investing is tricky business even more so with IPO’s it could be the next cash cow or a money sucking black hole. But here's the deal I admit to buying $100+ jeans –you might be guilty of this as well- so that means I –and you- can afford a Prada nibble (let us pray for an IPO of $40 or less which would mean 2 or 3 little fashionable slices)…what do you think? To Prada or not to Prada?