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Zegna is already attracting investors prior to the IPO

WWD reports that Zegna has already attracted investors ahead of its upcoming IPO later this month. The company is Investindustrial Acquisition Corp, an acquisition company sponsored by an investment subsidiary of Investindustrial VII LP. And said it had agreed “with certain large institutional investors” on additional private investment in up to 125 million public equity facilities. The dollar “meets most of the demand.”

This move was the result of inquiries from several investors whose names were not disclosed. IIAC generated $ 402.5 million in IPO revenue. Zegna’s IPO is expected to help the company expand its global reach and increase its manufacturing capacity through its acquisition.

The Zegna family will continue to hold a 62% stake in the company. Investindustrial holds an 11% stake and 27% is freely variable. Zegna’s valuation after the IPO is projected to be $ 3.2 billion.

Zegna is already attracting investors prior to the IPO

Source link Zegna is already attracting investors prior to the IPO

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