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Article: Donna Karan gears up for public offering.
- Article from:
- Daily News Record
- Article date:
- February 11, 1993
- Author:
CopyrightCOPYRIGHT 1993 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK (FNS)--It looks like Donna Karan Co. could be the next big apparel firm to jump into the red-hot public market.
The word on Wall Street is that the designer fashion firm is currently conducting a "beauty contest" --shopping around for the underwriter that will give it the best deal on an initial public offering. An insider at a firm that has been approached by Donna Karan confirmed the report Wednesday.
While investment banking sources declined to speak for attribution, several said talk of a planned IPO has been floating around for weeks. The most often-mentioned scenario has Karan's financial backers, Tomio Taki and Frank Mori, selling some ...