Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Bank of America    BAC

Delayed Quote. Delayed  - 08/18 04:16:05 pm
23.71 USD   +0.30%
03:59p BANK OF AMERICA : Survey Finds Disparities Between Younger Generatio..
01:29p Oregon Public Employees Retirement Fund Lowered Its Bank Of Ameri..
09:32a 20170818_biz_ear
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Brunello Cucinelli's IPO Values Cashmere Maker At EUR527 Million

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/13/2012 | 03:52pm CEST

Brunello Cucinelli has set the indicative price range for its initial public offering between EUR6.75 a share and EUR7.75/shr, valuing the Italian cashmere clothing maker at up to EUR527 million, according to an announcement published in a local newspaper Friday.

Cucinelli, whose sweaters are worn by Prince William, movie stars and other public figures, published the announcement with details of the IPO in newspaper Il Sole 24 Ore one day after obtaining final regulatory approval to go ahead and list its stock in Milan, the first for the exchange this year.

Cucinelli, owned by the entrepreneur of the same name, plans to offer 20.4 million of its shares, or 30% of the total. Its IPO will run from April 16 to 27. If a greenshoe option is fully exercised, the free float will reach 33% of the share capital.

The proposed price at the top end of the range gives Cucinelli an enterprise value-to-Ebitda multiple of 12.8 times, and a price/earnings ratio of 22.9 times.

Bank of America Merrill Lynch (>> Bank of America Corp) and Mediobanca SpA (>> Mediobanca Group) are the global coordinators.

Cucinelli follows peers Salvatore Ferragamo SpA (>> Salvatore Ferragamo Italia SpA), which listed its stock in Milan last June, and Prada SpA (1913.HK), which opted to list in Hong Kong to take advantage of the popularity of Italian fashion brands in Asia.

Outside of the fashion world, companies have been more cautious about going public in light of the volatile market conditions.

Italy's rocket propulsion maker, Avio, has postponed its plans to list.

In 2011, Cucinelli had sales of EUR243 million, of which 70% came from overseas. Its earnings before interests, taxes, depreciation and amortization, or Ebitda, reached EUR40 million.

It operates in more than 50 countries through a network of 60 single-brand boutiques and more than 1,000 selected multi-brand outlets and top luxury department stores.

-By Gilles Castonguay, Dow Jones Newswires; +39 02 5821 9908; gilles.castonguay@dowjones.com; Twitter: @GRCastonguay

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK OF AMERICA
03:59p BANK OF AMERICA : Survey Finds Disparities Between Younger Generations Who Grew ..
02:05p BANK OF AMERICA : FBI Seeking Information About Bank Robbery in Pompano Beach
01:29p Oregon Public Employees Retirement Fund Lowered Its Bank Of America (BAC) Pos..
09:32a 20170818_biz_ear
08:48aDJPensions Sue Banks, Allege Abuses -- WSJ
01:05a 3 pension funds sue 6 big banks over stock-lending business
08/17 U.S. pension funds sue Goldman, JPMorgan, others over stock lending market
08/17DJBANK OF AMERICA : to Pay $6 Million to Bankrupt Couple Evicted From Home
08/17 BANK OF AMERICA : denied fraudulent check, but suspect didn't leave empty-handed..
08/17 BANK OF AMERICA : Police blotter
More news
News from SeekingAlpha
09:26a Tracking John Paulson's Paulson & Company Portfolio - Q2 2017 Update
07:12a WALL STREET BREAKFAST : AT&T On The Brink Of A Mega Deal
04:01a Deutsche Bank and BofA Move To Settle Bond-Rigging Litigation
08/17 BofA to charge up to $80K per year for full research package - Bloomberg
08/17 Tracking David Tepper's Appaloosa Management Portfolio - Q2 2017 Update
Financials ($)
Sales 2017 89 498 M
EBIT 2017 33 615 M
Net income 2017 19 558 M
Debt 2017 -
Yield 2017 1,65%
P/E ratio 2017 12,95
P/E ratio 2018 10,80
Capi. / Sales 2017 2,60x
Capi. / Sales 2018 2,51x
Capitalization 232 868 M
Chart BANK OF AMERICA
Duration : Period :
Bank of America Technical Analysis Chart | BAC | US0605051046 | 4-Traders
Technical analysis trends BANK OF AMERICA
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 26,7 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Brian T. Moynihan Chairman, President & Chief Executive Officer
Catherine P. Bessant Co-COO & Chief Technology Officer
Thomas Kell Montag Co-Chief Operating Officer
Paul M. Donofrio Chief Financial Officer
Thomas J. May Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BANK OF AMERICA6.97%232 868
JPMORGAN CHASE & CO.0.00%318 994
INDUSTRIAL AND COMMRCL BANK OF CHINA LTD27.66%289 236
WELLS FARGO-6.01%257 132
CHINA CONSTRUCTION BANK CORPORATION24.26%229 117
BANK OF CHINA LTD17.15%211 336