Prada Will Probably Go Public by July

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Photo: Christophe Simon/AFP/Getty Images

On the heels of announcing record profits for 2010, Prada appears to be a few months away from listing itself on the Hong Kong Stock Exchange, a move that's supposedly been in the works for a while. Women's Wear Daily reports that Prada's initial public offering would consist of a 20-percent stake that values the company at $9.5 billion, but per the Hong Kong listing authorities, the label isn't allowed to talk to the press about it until they've been approved.

Prada Listing Date Said Getting Nearer [WWD]