Jimmy Choo floats at bottom of expected range
The company is understood to have initially targeted a range of 140p to 180p, but today set its flotation price at 140p a share, valuing the firm at £545.6 million.
Following the sale of a 25.9 per cent stake in the company, owner JAB Luxury will receive gross proceeds of £141m and will retain 70.2 per cent of the issued share capital.
Advertisement
Hide AdAdvertisement
Hide AdJimmy Choo chief executive Pierre Denis said: “Today’s announcement marks an important milestone for Jimmy Choo and recognises not only the appeal of our high-quality products but also confidence in our ability to outperform the luxury shoe market.”