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Article: Gucci on Wall Steet: launching pad for worldwide growth.
- Article from:
- WWD
- Article date:
- November 2, 1995
- Author:
CopyrightCOPYRIGHT 1995 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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MILAN - "It was the most exciting thing that ever happened to me in my working life," said Domenico De Sole about the moment Gucci started trading on the New York Stock Exchange last week
"There was an Italian flag at the entrance to the stock exchange, a huge Gucci banner and a flashing sign that said, `Hot Stock to Watch: Gucci,"' said a tired but happy De Sole, back in Italy after a grueling five-week international road show that culminated in the listing of the Florence-based luxury goods house on Wall Street Oct. 24.
As reported, the placement was an immediate success, with the share price bid up 22.2 percent on the first day of trading, opening at 22, ...