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07-Jun-2011

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Prada plans Hong Kong IPO to raise up to $2.6B (AP)

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FILE - In this Jan. 22, 2011 file photo, Hong Kong actress Cecilia Cheung gestures to the journalists upon arrival at the Italian design label Prada fashion show in Beijing, China. Italian fashion house Prada plans to raise up to $ 2.6 billion in a listing on Hong Kong's stock exchange, according to a person familiar with the deal, joining other foreign companies flocking to cash in on China's rising fortunes. (AP Photo/Andy Wong, File)AP – Italian fashion house Prada SpA plans to raise up to $ 2.6 billion in a listing on Hong Kong’s stock exchange, according to a person familiar with the deal, joining other foreign companies flocking to cash in on China’s rising fortunes.



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