MILAN, March 5 | Tue Mar 5, 2013
(Reuters) – Italy’s Moleskine could aim for a valuation of up to 17.3 times its forecast 2014 core earnings in a planned initial public offering (IPO) in Milan this month, according to research by UBS reviewed by Reuters.
The study by researchers at UBS, which is also a global coordinator for the IPO, compared the notebook maker with upscale brands such as Michael Kors, Mulberry, Tumi and Brunello Cucinelli, the last Italian company to tap financial markets almost a year ago.
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