--Prada SpA is looking to raise at least $1 billion from a second listing in Milan as it seeks to diversify its investor base away from Hong Kong, Bloomberg reports, citing unnamed sources.

--The Italian fashion house is working with Goldman Sachs Group Inc. on preliminary preparations for a potential offering as it attempts the first Hong Kong-Milan dual listing, the sources said, according to Bloomberg.

--No financial decisions on the size and timing have been taken, but the listing would likely take place in 2023, Bloomberg reports, citing the sources.

Full story: https://bloom.bg/3QoxXby

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

August 12, 2022 09:24 ET (13:24 GMT)

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