Italian luxury group Zegna to debut on Wall Street in $3 billion deal_老虎社区_美港股上老虎

Italian luxury group Zegna to debut on Wall Street in $3 billion deal

Reuters2021-12-20

MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise ...

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Bull_Lion
·2021-12-21
Like the brand but don’t think I’ll invest
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1
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- Bull_Lion:
  The SPAC euphoria will have to end
  2021-12-21
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Annalz
·2021-12-20
Zegna fly
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woonws
·2021-12-20
Another SPAC...
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vincentheng8
·2021-12-20
All in
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- Agni:
  [Spurting]
  2021-12-21
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- Bubikhoo:
  ok
  2021-12-20
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BerryNat
·2021-12-20
Wah Zegna..
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vxf
·2021-12-20
Start invested
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5
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- fishball:
  k
  2021-12-20
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- 4f1646f:
  👍
  2021-12-20
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Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise ...</p>\n\n<a href=\"https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZGN":"Ermenegildo Zegna NV"},"source_url":"https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2192182703","content_text":"MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise value of $3.1 billion.\nThe initial market capitalisation of the combined group will be $2.4 billion, Zegna said in a statement.\nThe Zegna family will have a 66% stake in the group resulting from the merger with Investindustrial Acquisition Corp, a SPAC sponsored by private equity firm Investindustrial and chaired by former UBS chief executive Sergio Ermotti.\nThe deal, announced in July, is the latest example of an Italian family-owned fashion business attracting outside investors to fund expansion, boost marketing spending and compete with bigger players, after the industry was hit hard by the coronavirus crisis.\nIn media interviews ahead of the market debut, Zegna's Chief Executive Gildo Zegna, the third generation of the family to run the company since its founding in 1910, said that organic growth was the priority, though he did not rule out small acquisitions of the group's suppliers.\nZegna, founded as a textile company and now a leader in luxury menswear, said the listing delivered gross proceeds of $761 million, mostly from Investindustrial and other participants in the deal.\nAs part of the overall transaction, the luxury group raised $169 million out of $402.5 million initially amassed by the SPAC as 58% of its investors took their money back - mass redemptions have been a common feature for this kind of deal in recent weeks.\nA backstop deal with outside investors helped fill most of the gap, with the final enterprise value of $3.1 billion just short of the $3.2 billion initially mooted.\nOver the past few weeks several companies, including Grab Holdings and BuzzFeed, that merged with SPAC entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street's frenzied blank-check deals this year.\nThe average redemption rate has more than doubled to 58% in the fourth quarter from a year earlier, data from Dealogic showed, as many companies fall short of investors' lofty expectations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7059409,"gmtCreate":1640041945219,"gmtModify":1640041945245,"authorId":3573540190522229,"author":{"id":3573540190522229,"authorId":3573540190522229,"name":"Bull_Lion","avatar":"https://static.tigerbbs.com/97c7d011186160cd333508e7d9191f74","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":693263452,"type":1,"supId":0,"prevId":0,"content":"The SPAC euphoria will have to end ","text":"The SPAC euphoria will have to end ","html":"The SPAC euphoria will have to end "}],"langContent":"CN"},{"id":693624664,"gmtCreate":1640015489891,"gmtModify":1640015490429,"author":{"id":"3577089953267281","authorId":"3577089953267281","name":"Annalz","avatar":"https://static.tigerbbs.com/ffd285ab6189bb61da4b48c3e149eedc","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Zegna fly","listText":"Zegna fly","text":"Zegna fly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693624664","repostId":2192182703,"repostType":4,"repost":{"id":"2192182703","pubTimestamp":1640008863,"share":"https://www.laohu8.com/m/news/2192182703?lang=&edition=full","pubTime":"2021-12-20 22:01","market":"us","language":"en","title":"Italian luxury group Zegna to debut on Wall Street in $3 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2192182703","media":"Reuters","summary":"MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after complet","content":"<p>MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise value of $3.1 billion.</p>\n<p>The initial market capitalisation of the combined group will be $2.4 billion, Zegna said in a statement.</p>\n<p>The Zegna family will have a 66% stake in the group resulting from the merger with <a href=\"https://laohu8.com/S/IIAC\">Investindustrial Acquisition Corp</a>, a SPAC sponsored by private equity firm Investindustrial and chaired by former UBS chief executive Sergio Ermotti.</p>\n<p>The deal, announced in July, is the latest example of an Italian family-owned fashion business attracting outside investors to fund expansion, boost marketing spending and compete with bigger players, after the industry was hit hard by the coronavirus crisis.</p>\n<p>In media interviews ahead of the market debut, Zegna's Chief Executive Gildo Zegna, the third generation of the family to run the company since its founding in 1910, said that organic growth was the priority, though he did not rule out small acquisitions of the group's suppliers.</p>\n<p>Zegna, founded as a textile company and now a leader in luxury menswear, said the listing delivered gross proceeds of $761 million, mostly from Investindustrial and other participants in the deal.</p>\n<p>As part of the overall transaction, the luxury group raised $169 million out of $402.5 million initially amassed by the SPAC as 58% of its investors took their money back - mass redemptions have been a common feature for this kind of deal in recent weeks.</p>\n<p>A backstop deal with outside investors helped fill most of the gap, with the final enterprise value of $3.1 billion just short of the $3.2 billion initially mooted.</p>\n<p>Over the past few weeks several companies, including <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> and BuzzFeed, that merged with SPAC entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street's frenzied blank-check deals this year.</p>\n<p>The average redemption rate has more than doubled to 58% in the fourth quarter from a year earlier, data from Dealogic showed, as many companies fall short of investors' lofty expectations.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Italian luxury group Zegna to debut on Wall Street in $3 billion deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nItalian luxury group Zegna to debut on Wall Street in $3 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-20 22:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise ...</p>\n\n<a href=\"https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZGN":"Ermenegildo Zegna NV"},"source_url":"https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2192182703","content_text":"MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise value of $3.1 billion.\nThe initial market capitalisation of the combined group will be $2.4 billion, Zegna said in a statement.\nThe Zegna family will have a 66% stake in the group resulting from the merger with Investindustrial Acquisition Corp, a SPAC sponsored by private equity firm Investindustrial and chaired by former UBS chief executive Sergio Ermotti.\nThe deal, announced in July, is the latest example of an Italian family-owned fashion business attracting outside investors to fund expansion, boost marketing spending and compete with bigger players, after the industry was hit hard by the coronavirus crisis.\nIn media interviews ahead of the market debut, Zegna's Chief Executive Gildo Zegna, the third generation of the family to run the company since its founding in 1910, said that organic growth was the priority, though he did not rule out small acquisitions of the group's suppliers.\nZegna, founded as a textile company and now a leader in luxury menswear, said the listing delivered gross proceeds of $761 million, mostly from Investindustrial and other participants in the deal.\nAs part of the overall transaction, the luxury group raised $169 million out of $402.5 million initially amassed by the SPAC as 58% of its investors took their money back - mass redemptions have been a common feature for this kind of deal in recent weeks.\nA backstop deal with outside investors helped fill most of the gap, with the final enterprise value of $3.1 billion just short of the $3.2 billion initially mooted.\nOver the past few weeks several companies, including Grab Holdings and BuzzFeed, that merged with SPAC entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street's frenzied blank-check deals this year.\nThe average redemption rate has more than doubled to 58% in the fourth quarter from a year earlier, data from Dealogic showed, as many companies fall short of investors' lofty expectations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":693662302,"gmtCreate":1640014414042,"gmtModify":1640014414696,"author":{"id":"3581999478634265","authorId":"3581999478634265","name":"woonws","avatar":"https://static.tigerbbs.com/f26ed1a10ee84ab97229aad191ef3133","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Another SPAC...","listText":"Another SPAC...","text":"Another SPAC...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693662302","repostId":2192182703,"repostType":4,"repost":{"id":"2192182703","pubTimestamp":1640008863,"share":"https://www.laohu8.com/m/news/2192182703?lang=&edition=full","pubTime":"2021-12-20 22:01","market":"us","language":"en","title":"Italian luxury group Zegna to debut on Wall Street in $3 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2192182703","media":"Reuters","summary":"MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after complet","content":"<p>MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise value of $3.1 billion.</p>\n<p>The initial market capitalisation of the combined group will be $2.4 billion, Zegna said in a statement.</p>\n<p>The Zegna family will have a 66% stake in the group resulting from the merger with <a href=\"https://laohu8.com/S/IIAC\">Investindustrial Acquisition Corp</a>, a SPAC sponsored by private equity firm Investindustrial and chaired by former UBS chief executive Sergio Ermotti.</p>\n<p>The deal, announced in July, is the latest example of an Italian family-owned fashion business attracting outside investors to fund expansion, boost marketing spending and compete with bigger players, after the industry was hit hard by the coronavirus crisis.</p>\n<p>In media interviews ahead of the market debut, Zegna's Chief Executive Gildo Zegna, the third generation of the family to run the company since its founding in 1910, said that organic growth was the priority, though he did not rule out small acquisitions of the group's suppliers.</p>\n<p>Zegna, founded as a textile company and now a leader in luxury menswear, said the listing delivered gross proceeds of $761 million, mostly from Investindustrial and other participants in the deal.</p>\n<p>As part of the overall transaction, the luxury group raised $169 million out of $402.5 million initially amassed by the SPAC as 58% of its investors took their money back - mass redemptions have been a common feature for this kind of deal in recent weeks.</p>\n<p>A backstop deal with outside investors helped fill most of the gap, with the final enterprise value of $3.1 billion just short of the $3.2 billion initially mooted.</p>\n<p>Over the past few weeks several companies, including <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> and BuzzFeed, that merged with SPAC entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street's frenzied blank-check deals this year.</p>\n<p>The average redemption rate has more than doubled to 58% in the fourth quarter from a year earlier, data from Dealogic showed, as many companies fall short of investors' lofty expectations.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Italian luxury group Zegna to debut on Wall Street in $3 billion deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nItalian luxury group Zegna to debut on Wall Street in $3 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-20 22:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise ...</p>\n\n<a href=\"https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZGN":"Ermenegildo Zegna NV"},"source_url":"https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2192182703","content_text":"MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise value of $3.1 billion.\nThe initial market capitalisation of the combined group will be $2.4 billion, Zegna said in a statement.\nThe Zegna family will have a 66% stake in the group resulting from the merger with Investindustrial Acquisition Corp, a SPAC sponsored by private equity firm Investindustrial and chaired by former UBS chief executive Sergio Ermotti.\nThe deal, announced in July, is the latest example of an Italian family-owned fashion business attracting outside investors to fund expansion, boost marketing spending and compete with bigger players, after the industry was hit hard by the coronavirus crisis.\nIn media interviews ahead of the market debut, Zegna's Chief Executive Gildo Zegna, the third generation of the family to run the company since its founding in 1910, said that organic growth was the priority, though he did not rule out small acquisitions of the group's suppliers.\nZegna, founded as a textile company and now a leader in luxury menswear, said the listing delivered gross proceeds of $761 million, mostly from Investindustrial and other participants in the deal.\nAs part of the overall transaction, the luxury group raised $169 million out of $402.5 million initially amassed by the SPAC as 58% of its investors took their money back - mass redemptions have been a common feature for this kind of deal in recent weeks.\nA backstop deal with outside investors helped fill most of the gap, with the final enterprise value of $3.1 billion just short of the $3.2 billion initially mooted.\nOver the past few weeks several companies, including Grab Holdings and BuzzFeed, that merged with SPAC entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street's frenzied blank-check deals this year.\nThe average redemption rate has more than doubled to 58% in the fourth quarter from a year earlier, data from Dealogic showed, as many companies fall short of investors' lofty expectations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":693618214,"gmtCreate":1640012556094,"gmtModify":1640012556381,"author":{"id":"3577147024133490","authorId":"3577147024133490","name":"vincentheng8","avatar":"https://static.tigerbbs.com/177fda2264ab2bd83ccfc55eb70c57a4","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"All in","listText":"All in","text":"All in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/693618214","repostId":2192182703,"repostType":4,"repost":{"id":"2192182703","pubTimestamp":1640008863,"share":"https://www.laohu8.com/m/news/2192182703?lang=&edition=full","pubTime":"2021-12-20 22:01","market":"us","language":"en","title":"Italian luxury group Zegna to debut on Wall Street in $3 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2192182703","media":"Reuters","summary":"MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after complet","content":"<p>MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise value of $3.1 billion.</p>\n<p>The initial market capitalisation of the combined group will be $2.4 billion, Zegna said in a statement.</p>\n<p>The Zegna family will have a 66% stake in the group resulting from the merger with <a href=\"https://laohu8.com/S/IIAC\">Investindustrial Acquisition Corp</a>, a SPAC sponsored by private equity firm Investindustrial and chaired by former UBS chief executive Sergio Ermotti.</p>\n<p>The deal, announced in July, is the latest example of an Italian family-owned fashion business attracting outside investors to fund expansion, boost marketing spending and compete with bigger players, after the industry was hit hard by the coronavirus crisis.</p>\n<p>In media interviews ahead of the market debut, Zegna's Chief Executive Gildo Zegna, the third generation of the family to run the company since its founding in 1910, said that organic growth was the priority, though he did not rule out small acquisitions of the group's suppliers.</p>\n<p>Zegna, founded as a textile company and now a leader in luxury menswear, said the listing delivered gross proceeds of $761 million, mostly from Investindustrial and other participants in the deal.</p>\n<p>As part of the overall transaction, the luxury group raised $169 million out of $402.5 million initially amassed by the SPAC as 58% of its investors took their money back - mass redemptions have been a common feature for this kind of deal in recent weeks.</p>\n<p>A backstop deal with outside investors helped fill most of the gap, with the final enterprise value of $3.1 billion just short of the $3.2 billion initially mooted.</p>\n<p>Over the past few weeks several companies, including <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> and BuzzFeed, that merged with SPAC entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street's frenzied blank-check deals this year.</p>\n<p>The average redemption rate has more than doubled to 58% in the fourth quarter from a year earlier, data from Dealogic showed, as many companies fall short of investors' lofty expectations.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Italian luxury group Zegna to debut on Wall Street in $3 billion deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nItalian luxury group Zegna to debut on Wall Street in $3 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-20 22:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise ...</p>\n\n<a href=\"https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZGN":"Ermenegildo Zegna NV"},"source_url":"https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2192182703","content_text":"MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise value of $3.1 billion.\nThe initial market capitalisation of the combined group will be $2.4 billion, Zegna said in a statement.\nThe Zegna family will have a 66% stake in the group resulting from the merger with Investindustrial Acquisition Corp, a SPAC sponsored by private equity firm Investindustrial and chaired by former UBS chief executive Sergio Ermotti.\nThe deal, announced in July, is the latest example of an Italian family-owned fashion business attracting outside investors to fund expansion, boost marketing spending and compete with bigger players, after the industry was hit hard by the coronavirus crisis.\nIn media interviews ahead of the market debut, Zegna's Chief Executive Gildo Zegna, the third generation of the family to run the company since its founding in 1910, said that organic growth was the priority, though he did not rule out small acquisitions of the group's suppliers.\nZegna, founded as a textile company and now a leader in luxury menswear, said the listing delivered gross proceeds of $761 million, mostly from Investindustrial and other participants in the deal.\nAs part of the overall transaction, the luxury group raised $169 million out of $402.5 million initially amassed by the SPAC as 58% of its investors took their money back - mass redemptions have been a common feature for this kind of deal in recent weeks.\nA backstop deal with outside investors helped fill most of the gap, with the final enterprise value of $3.1 billion just short of the $3.2 billion initially mooted.\nOver the past few weeks several companies, including Grab Holdings and BuzzFeed, that merged with SPAC entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street's frenzied blank-check deals this year.\nThe average redemption rate has more than doubled to 58% in the fourth quarter from a year earlier, data from Dealogic showed, as many companies fall short of investors' lofty expectations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7058520,"gmtCreate":1640035859201,"gmtModify":1640035859290,"authorId":3577801624894369,"author":{"id":3577801624894369,"authorId":3577801624894369,"name":"Agni","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":693618214,"type":1,"supId":0,"prevId":0,"content":"[Spurting]","text":"[Spurting]","html":"[Spurting]"},{"id":7056765,"gmtCreate":1640013258508,"gmtModify":1640013258537,"authorId":3576837410161825,"author":{"id":3576837410161825,"authorId":3576837410161825,"name":"Bubikhoo","avatar":"https://static.tigerbbs.com/3247ebd81f7b901adc64183ed4fe7458","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":693618214,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"},{"id":693877652,"gmtCreate":1640009624858,"gmtModify":1640009625240,"author":{"id":"4087986020499840","authorId":"4087986020499840","name":"BerryNat","avatar":"https://static.tigerbbs.com/27333e490249edd9b1054f0311c8584c","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Wah Zegna..","listText":"Wah Zegna..","text":"Wah Zegna..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693877652","repostId":2192182703,"repostType":4,"repost":{"id":"2192182703","pubTimestamp":1640008863,"share":"https://www.laohu8.com/m/news/2192182703?lang=&edition=full","pubTime":"2021-12-20 22:01","market":"us","language":"en","title":"Italian luxury group Zegna to debut on Wall Street in $3 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2192182703","media":"Reuters","summary":"MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after complet","content":"<p>MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise value of $3.1 billion.</p>\n<p>The initial market capitalisation of the combined group will be $2.4 billion, Zegna said in a statement.</p>\n<p>The Zegna family will have a 66% stake in the group resulting from the merger with <a href=\"https://laohu8.com/S/IIAC\">Investindustrial Acquisition Corp</a>, a SPAC sponsored by private equity firm Investindustrial and chaired by former UBS chief executive Sergio Ermotti.</p>\n<p>The deal, announced in July, is the latest example of an Italian family-owned fashion business attracting outside investors to fund expansion, boost marketing spending and compete with bigger players, after the industry was hit hard by the coronavirus crisis.</p>\n<p>In media interviews ahead of the market debut, Zegna's Chief Executive Gildo Zegna, the third generation of the family to run the company since its founding in 1910, said that organic growth was the priority, though he did not rule out small acquisitions of the group's suppliers.</p>\n<p>Zegna, founded as a textile company and now a leader in luxury menswear, said the listing delivered gross proceeds of $761 million, mostly from Investindustrial and other participants in the deal.</p>\n<p>As part of the overall transaction, the luxury group raised $169 million out of $402.5 million initially amassed by the SPAC as 58% of its investors took their money back - mass redemptions have been a common feature for this kind of deal in recent weeks.</p>\n<p>A backstop deal with outside investors helped fill most of the gap, with the final enterprise value of $3.1 billion just short of the $3.2 billion initially mooted.</p>\n<p>Over the past few weeks several companies, including <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> and BuzzFeed, that merged with SPAC entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street's frenzied blank-check deals this year.</p>\n<p>The average redemption rate has more than doubled to 58% in the fourth quarter from a year earlier, data from Dealogic showed, as many companies fall short of investors' lofty expectations.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Italian luxury group Zegna to debut on Wall Street in $3 billion deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nItalian luxury group Zegna to debut on Wall Street in $3 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-20 22:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise ...</p>\n\n<a href=\"https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZGN":"Ermenegildo Zegna NV"},"source_url":"https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2192182703","content_text":"MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise value of $3.1 billion.\nThe initial market capitalisation of the combined group will be $2.4 billion, Zegna said in a statement.\nThe Zegna family will have a 66% stake in the group resulting from the merger with Investindustrial Acquisition Corp, a SPAC sponsored by private equity firm Investindustrial and chaired by former UBS chief executive Sergio Ermotti.\nThe deal, announced in July, is the latest example of an Italian family-owned fashion business attracting outside investors to fund expansion, boost marketing spending and compete with bigger players, after the industry was hit hard by the coronavirus crisis.\nIn media interviews ahead of the market debut, Zegna's Chief Executive Gildo Zegna, the third generation of the family to run the company since its founding in 1910, said that organic growth was the priority, though he did not rule out small acquisitions of the group's suppliers.\nZegna, founded as a textile company and now a leader in luxury menswear, said the listing delivered gross proceeds of $761 million, mostly from Investindustrial and other participants in the deal.\nAs part of the overall transaction, the luxury group raised $169 million out of $402.5 million initially amassed by the SPAC as 58% of its investors took their money back - mass redemptions have been a common feature for this kind of deal in recent weeks.\nA backstop deal with outside investors helped fill most of the gap, with the final enterprise value of $3.1 billion just short of the $3.2 billion initially mooted.\nOver the past few weeks several companies, including Grab Holdings and BuzzFeed, that merged with SPAC entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street's frenzied blank-check deals this year.\nThe average redemption rate has more than doubled to 58% in the fourth quarter from a year earlier, data from Dealogic showed, as many companies fall short of investors' lofty expectations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":693874057,"gmtCreate":1640009213678,"gmtModify":1640009215003,"author":{"id":"3582839637303229","authorId":"3582839637303229","name":"vxf","avatar":"https://static.tigerbbs.com/b1ee9a28e0a19bf5b87d52e90dc87788","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Start invested","listText":"Start invested","text":"Start invested","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/693874057","repostId":2192182703,"repostType":4,"repost":{"id":"2192182703","pubTimestamp":1640008863,"share":"https://www.laohu8.com/m/news/2192182703?lang=&edition=full","pubTime":"2021-12-20 22:01","market":"us","language":"en","title":"Italian luxury group Zegna to debut on Wall Street in $3 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2192182703","media":"Reuters","summary":"MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after complet","content":"<p>MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise value of $3.1 billion.</p>\n<p>The initial market capitalisation of the combined group will be $2.4 billion, Zegna said in a statement.</p>\n<p>The Zegna family will have a 66% stake in the group resulting from the merger with <a href=\"https://laohu8.com/S/IIAC\">Investindustrial Acquisition Corp</a>, a SPAC sponsored by private equity firm Investindustrial and chaired by former UBS chief executive Sergio Ermotti.</p>\n<p>The deal, announced in July, is the latest example of an Italian family-owned fashion business attracting outside investors to fund expansion, boost marketing spending and compete with bigger players, after the industry was hit hard by the coronavirus crisis.</p>\n<p>In media interviews ahead of the market debut, Zegna's Chief Executive Gildo Zegna, the third generation of the family to run the company since its founding in 1910, said that organic growth was the priority, though he did not rule out small acquisitions of the group's suppliers.</p>\n<p>Zegna, founded as a textile company and now a leader in luxury menswear, said the listing delivered gross proceeds of $761 million, mostly from Investindustrial and other participants in the deal.</p>\n<p>As part of the overall transaction, the luxury group raised $169 million out of $402.5 million initially amassed by the SPAC as 58% of its investors took their money back - mass redemptions have been a common feature for this kind of deal in recent weeks.</p>\n<p>A backstop deal with outside investors helped fill most of the gap, with the final enterprise value of $3.1 billion just short of the $3.2 billion initially mooted.</p>\n<p>Over the past few weeks several companies, including <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> and BuzzFeed, that merged with SPAC entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street's frenzied blank-check deals this year.</p>\n<p>The average redemption rate has more than doubled to 58% in the fourth quarter from a year earlier, data from Dealogic showed, as many companies fall short of investors' lofty expectations.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Italian luxury group Zegna to debut on Wall Street in $3 billion deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nItalian luxury group Zegna to debut on Wall Street in $3 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-20 22:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise ...</p>\n\n<a href=\"https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZGN":"Ermenegildo Zegna NV"},"source_url":"https://finance.yahoo.com/news/italian-luxury-group-zegna-debut-131348452.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2192182703","content_text":"MILAN (Reuters) - Italian luxury group Zegna is set to go public in New York on Monday after completing a merger with a U.S. special purpose acquisition company (SPAC) in a deal with an enterprise value of $3.1 billion.\nThe initial market capitalisation of the combined group will be $2.4 billion, Zegna said in a statement.\nThe Zegna family will have a 66% stake in the group resulting from the merger with Investindustrial Acquisition Corp, a SPAC sponsored by private equity firm Investindustrial and chaired by former UBS chief executive Sergio Ermotti.\nThe deal, announced in July, is the latest example of an Italian family-owned fashion business attracting outside investors to fund expansion, boost marketing spending and compete with bigger players, after the industry was hit hard by the coronavirus crisis.\nIn media interviews ahead of the market debut, Zegna's Chief Executive Gildo Zegna, the third generation of the family to run the company since its founding in 1910, said that organic growth was the priority, though he did not rule out small acquisitions of the group's suppliers.\nZegna, founded as a textile company and now a leader in luxury menswear, said the listing delivered gross proceeds of $761 million, mostly from Investindustrial and other participants in the deal.\nAs part of the overall transaction, the luxury group raised $169 million out of $402.5 million initially amassed by the SPAC as 58% of its investors took their money back - mass redemptions have been a common feature for this kind of deal in recent weeks.\nA backstop deal with outside investors helped fill most of the gap, with the final enterprise value of $3.1 billion just short of the $3.2 billion initially mooted.\nOver the past few weeks several companies, including Grab Holdings and BuzzFeed, that merged with SPAC entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street's frenzied blank-check deals this year.\nThe average redemption rate has more than doubled to 58% in the fourth quarter from a year earlier, data from Dealogic showed, as many companies fall short of investors' lofty expectations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7055803,"gmtCreate":1640009314454,"gmtModify":1640009314492,"authorId":3555673859416128,"author":{"id":3555673859416128,"authorId":3555673859416128,"name":"fishball","avatar":"https://static.tigerbbs.com/9f65eb976e5978bb9c7959b0bcf21f23","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":693874057,"type":1,"supId":7055801,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"},{"id":7055801,"gmtCreate":1640009296667,"gmtModify":1640009296758,"authorId":3582664958342038,"author":{"id":3582664958342038,"authorId":3582664958342038,"name":"4f1646f","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":693874057,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":43,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}