Ernst & Young Says the Luxury Sector May Usher in an IPO Boom in 2023

2月 01, 2023

The British accounting firm Ernst & Young (EY) gave an overview of the listing situation of the luxury goods market in 2022 to Italian media, MFFashion. In the report, EY predicted that in 2023, the luxury goods industry would usher in a new wave of IPOs (initial public offerings).
Paolo Aimino, EY Italy market leader, and Frederico Bonelli, EY Western Europe retail, fashion, and luxury leader, noted that “After a record-breaking 2021, the global IPO market took a sharp turn in the opposite direction in 2022. With only 1,333 IPOs raising US$179.5b, IPO activity dipped 45% an …