Stock exchange news. On June 17 the leading Italian fashion house Prada conducted the initial public offering of its stocks (IPO) at Hong Kong stock exchange. As a result, only $2.14 billion have been attracted. Such result is unilaterally estimated by experts as bad luck or, according to newspaper headlines, a real “glamorous failure”. Let us remind that on the eve of conducting IPO, representatives of the fashion company claimed that Prada was going to strive for $2.6 billion gain.
It is worth mentioning that Prada is a private Italian company (with headquarters in Milan), which is a rather serious player at the world market of fashionable clothes, footwear, and accessories. Prada is not only a fashion house, but also a self-named brand; this company also owns such trade marks as Church’s Car Shoe, Miu Miu.
Prada is currently represented in 80 countries around the world and directly runs a network of 292 shops.
Traders of the Department of Volume Analysis of Forex Academy and Masterforex-V stock exchange also admit that current yen’s future is under pressure: rather strong evidence of selling power has set.
Moreover, the accumulated volume of the present week has been locally set at the level of 12.476 - 4900 lots. As long as upward breakout of this mark has not occurred, descending dynamics remains. The closest aim can become lowering the week’s volume to the level of 12.401 - 6900 lots.
