The company is betting on a Cheap Prom Dresses in the consumption of luxury items in China, the world's second-largest economy, to lure investors to the IPO, the first for an Italian company in Hong Kong. China will account for 20 per cent of the global luxury market by 2015, with spending in the country nearly tripling to US$27 billion by that year from around US$10 billion in 2009, Short Prom Dresses to consulting firm McKinsey & Co. Perhaps well-off families feel better protected by a driver with policing experience. The IPO is slated to be priced on June 17 and the shares will start trading in Hong Kong on June 24 under the symbol '1913', the year the company was founded in Milan. Prada and shareholders Prada Holding BV and Intesa Sanpaolo plan to sell 423.3 million shares, valuing the IPO at up to HK$20.32 billion . About Prom Dresses 2012 of the shares will be sold in a primary offering with proceeds going to Prada, with the remainder of proceeds going to Prada Holding and Intesa Sanpaolo. At the top end of its price range, Prada would be trading at 27 times its projected earnings in 2011, said the source, who declined to be named Cheap Backless Prom Dresses the details were not yet public. That compares with an average P/E ratio of 26.2 times for Hong Kong-listedA luxury goods companiesA such asA luxury menswear operator Trinity Ltd and French skincare products retailer L'Occitane, Goldman Sachs Research estimates. 'Twenty-plus times Cheap Ball Gowns looks expensive but luxury goods companies such as Prada have got good, visible top-line growth for the next 20 years. There are high barriers to entry as you can't go out and create a luxury brand from nothing,' said Peter Elston, strategist at Aberdeen Asset Management Asia. British luxury goods group Burberry, Cheap Corset Prom Dresses is seeking a Hong Kong listing and is known for raincoats featuring its camel, red and black check pattern, trades at 21.4 timesA forecast 2011 earnings, while French luxuryA conglomerate LVMH A trades at 17.3 times.