
SMCP shares began trading at just below their initial public offering (IPO) price on Tuesday, following the French fashion label’s stock market flotation which valued it at around 1.7 billion euros ($2 billion).
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SMCP shares began trading at just below their initial public offering (IPO) price on Tuesday, following the French fashion label’s stock market flotation which valued it at around 1.7 billion euros ($2 billion).
On Friday 20th October, French fashion group Sandro, Maje, Claudie Pierlot (SMCP) was listed on the Euronext stock exchange, at a share price of €22 and a valuation of €2.01 billion.
The French fashion group behind brands such as Sandro, Maje and Claudie Pierlot, announced details of its imminent stock market flotation on Monday, pricing its initial public offering at between 20-25 euros per share.
The latest brand to join the SMCP group is booming, both in terms of product range and retail network, posting a 30% revenue growth a year after topping the €100 million mark.
Currently laying out its projects for an IPO, the SMCP group has announced its intention to establish itself in Japan, one of the rare mature markets where it is still absent.
SMCP, the French fashion group behind brands such as Sandro, Maje and Claudie Pierlot, moved a step closer towards its stock market listing after filing its intentions for an initial public offering.
The Sandro Maje Claudie Pierlot group has recently filed the introductory documentation leading to its stock exchange listing with French financial markets authority AMF.
Isabelle Guichot, former CEO of Balenciaga, has been appointed General Manager of the French label owned by the SMCP group, taking over from Sylvie Colin, in charge since 2014.
Bank of America Merrill Lynch, JP Morgan and KKR Capital Markets have been chosen as joint global coordinators for an initial public offering for fashion company SMCP in Paris, two sources said on Friday.
The Chinese-owned French fashion group behind the Sandro, Maje and Claudie Pierlot labels announced on Wednesday its intention to list a minority stake on the Paris stock market.