Cucinelli sets restrained range, books open Monday

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Cucinelli sets restrained range, books open Monday

Italian luxury fashion house Brunello Cucinelli set a price range for its €138m-€158m Milan IPO after enjoying an “over-whelming response” in pre-marketing. Books will be opened on Monday with a price range that even at the top provides a discount to larger, more liquid peers such as Salvatore Ferragamo.

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