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

BANK OF AMERICA (BAC)
Mes dernières consult.
Most popular
  Report  
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 CET

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; [email protected]; Twitter: @GRCastonguay

Valeurs citées dans l'article
ChangeLast1st jan.
BANK OF AMERICA -0.19% 31.87 Delayed Quote.8.40%
MEDIOBANCA 0.18% 9.892 End-of-day quote.4.19%
PRADA S.P.A. 0.31% 32.05 End-of-day quote.13.25%
SALVATORE FERRAGAMO 2.61% 22.8 End-of-day quote.0.86%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK OF AMERICA
02/21Americans prefer bank branches over mobile apps for opening new accounts
RE
02/21DAVID HENRY : Americans prefer bank branches over mobile apps for opening new ac..
RE
02/21BANK OF AMERICA : Black Madonna Icon Miracle Jolts Author’s Decade Court B..
AQ
02/21BANK OF AMERICA : Middlebury Reports Property Transfers
AQ
02/21BANK OF AMERICA : Southport man arrested in Supply bank robbery
AQ
02/21DEUTSCHE BANK : Guy Who Left Deutsche Bank To Write Post-Apocalyptic Fiction Cle..
AQ
02/20CABOT : Oratorical contest to be held March 3
AQ
02/20BANK OF AMERICA : Thirty five percent of War Chest has been reported
AQ
02/20BANK OF AMERICA : Merrill Edge Receives 4.5 Stars out of 5 in Annual Stockbroker..
PU
02/19City Union Bank down 3% on fraudulent remittances via SWIFT of $2mn
AQ
More news
News from SeekingAlpha
02/21Bank of America to stay in London amid Brexit - Bloomberg 
02/21Goldilocks scenario sounds good to the banks 
02/21BANK OF AMERICA VS. CITIGROUP : Coming Prices As Now Seen By Market Makers 
02/21Tracking David Tepper's Appaloosa Management Portfolio - Q4 2017 Update 
02/20Tracking John Paulson's Paulson & Company Portfolio - Q4 2017 Update 
Financials ($)
Sales 2018 92 396 M
EBIT 2018 38 930 M
Net income 2018 25 443 M
Debt 2018 -
Yield 2018 1,88%
P/E ratio 2018 12,88
P/E ratio 2019 11,34
Capi. / Sales 2018 3,56x
Capi. / Sales 2019 3,41x
Capitalization 329 B
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 33,8 $
Spread / Average Target 5,8%
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 AMERICA8.40%328 885
JP MORGAN CHASE & COMPANY7.57%397 908
INDUSTRIAL AND COMMERCIAL BANK OF CHINA10.97%369 276
WELLS FARGO-1.07%295 209
CHINA CONSTRUCTION BANK CORPORATION10.42%284 562
BANK OF CHINA LTD7.81%230 273