PE-Backed Moncler Shoots for $700M IPO

Outerwear maker Moncler is planning to raise 500 million euros ($700 million) in an initial public offering slated for next month, Reuters reported. The company, which makes goose-down jackets, plans to set a price range during the week of June 6. U.S. private equity firm Carlyle Group owns 48 percent stake of the company.

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