Zegna already attracting investors ahead of IPO

WWD has reported that Zegna is already attracting investors ahead of its planned IPO for later this month. The company issued a joint statement with Investindustrial Acquisition Corp., an acquisition corporations sponsored by investment subsidiaries of Investindustrial VII L.P. saying they have agreed “with certain large and institutional investors” on an additional private investment in a public equity facility of up to 125 million dollars “accommodate most of the demand.”