Prada is reportedly considering a second IPO, valued at $1 billion, to diversify its investor base outside of Hong Kong.
According to a report by Bloomberg, the luxury conglomerate is working with Goldman Sachs Group to prepare for a possible IPO, which is likely to take place next year.
The second listing would build on the $2.1 billion raised by the group in 2011 when it listed a 20 percent stake in Hong Kong.
According to the publication’s unnamed sources, the company is said to be considering raising capital through the sale of new shares in Milan.
Representatives from Prada and Goldman Sachs declined to comment, according to Bloomberg.
This edited and translated post previously appeared on FashionUnited.uk.