Luxury brands eye Prada's Hong Kong listing

2012-08-24 29

Prada has become the latest luxury brand to list on the Hong Kong stock market.

Shares in the Italian fashion house saw modest gains on opening, with the company raising a lower than expected $2.1bn with the initial price offer.

Prada's listing is being watch by other luxury brands who see China as a growth market.

Al Jazeera's Andrew Thomas reports from Tianjin, China.