Moncler's IPO The Year's Most Successful

MONCLER's long-awaited IPO became the most successful stock market debut of 2013 yesterday, after its share value jumped 50 per cent on the first day of trading. The company, which was said to be valued in the region of €2 billion, was worth almost €4 billion by close of play.

The Milan stock exchange was so inundated by orders from investors that it was unable to register an opening price for the brand, the Financial Times reports, and many would-be shareholders were left disappointed.

Bernard Arnault, Ferragamo and Prada were said to be among the new shareholders, although this has not been confirmed by Moncler. The label priced its shares at €10.20 and stock closed at €14.97, an increase of 47 per cent.

"There aren't many fast-growing companies in Europe," Virginie Morgon, chief investment officer for Eurazeo - the private equity group backing Moncler - said. "Moncler is still a relatively small company. Investors are betting it will continue to expand, while keeping high profit margins."