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By
Reuters
Published
Nov 9, 2009
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Yoox shares cleared for Milan bourse listing

By
Reuters
Published
Nov 9, 2009

MILAN, Nov 9 (Reuters) - Italian online fashion retailer Yoox SpA's shares have been cleared for listing on the main MTA segment of the Milan bourse, the Italian stock exchange said on Monday 9 November without setting a date for the listing.



In September, the Bologna-based company announced it had approved an initial public offering of its shares, making it the first IPO on the MTA since Molecular Medicine SpA (MLMD.MI)in March 2008.

Yoox sells top fashion brands and accessories over the internet as well as operating online retail websites for individual designers.

The company could not be reached for comment on timing or valuation. The bourse IPO clearance usually precedes that of stock market regulator Consob. (Editing by Dan Lalor)

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