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Moleskine Gearing Up for April IPO

The iconic brand of notebooks may be the first company to publicly list on the Milan stock exchange this year.

IPO BOUND?: Moleskine, the iconic brand of notebooks with the black cover favored by writers Ernest Hemingway and Bruce Chatwin, may be the first company to publicly list on the Milan stock exchange this year. Moleskine is expected to debut on the Bourse in early April. With profits of 18 million euros, or $23.4 million at current exchange, and sales of 78 million euros, or $101.4 million, the firm, currently controlled by a group of funds, may reportedly be valued at more than 600 million euros, or $780 million, about 16 times its earnings before interest, taxes, depreciation and amortization. Italy’s giant merchant bank Mediobanca, UBS and Goldman Sachs are acting as sponsors and global coordinators.

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