Italian motorcycle maker Ducati, which is owned by Milan-based private equity investor Investindustrial, could be floated in Hong Kong next year, Reuters reported, citing the Sunday Times. Investindustrial bought Ducati in 2008, and has restored it to profitability, Reuters said.
(Reuters) – Iconic Italian motorcycle maker Ducati could be floated in Hong Kong next year with a market value of 875 million pounds ($1.4 billion), the Sunday Times reported.
Ducati’s private equity owner, Milan-based Investindustrial, has discussed a share offering with banks, but is monitoring the current market turmoil and will decide whether to proceed in early 2012, the paper said.
Hong Kong has become the financial centre of choice for luxury brands seeking a public listing, with fashion house Prada, cosmetics group L’Occitane, and luggage maker Samsonite all launching initial public offerings there in the past 18 months.
Investindustrial has restored Ducati to profitability since taking it over in 2008, the Sunday Times said. ($1=0.614 British Pounds) (Reporting by Myles Neligan; Editing by Mike Nesbit)