Italian luxury group Ermenegildo Zegna plans to list on Wall Street by early December, the head of one of the main investors in the operation said on Wednesday. Family-owned Zegna was expected to list in New York by the end of the year by combining with a U.S. special purpose acquisition company (SPAC) launched by European private equity group Investindustrial, giving the menswear company an enterprise value of $3.2 billion.
"I confirm that Zegna will list on Wall Street at the end of November, in the first days of December," Investindustrial chief Andrea Bonomi said at the Class Agora Milan fashion conference.
