<p>Italian luxury group Prada SpA is considering seeking at least $1 billion from a second listing in Milan and is working with Goldman Sachs Group Inc on early preparations, Bloomberg News reported on Friday.</p>.<p>The offering would likely take place next year with the company looking to raise funds by selling new shares in Milan, the report said, citing people familiar with the matter.</p>.<p>A dual listing in Europe would help the Hong Kong-listed luxury group widen its investor base as some funds can only put money into European or US stocks.</p>.<p>Prada's Chairman Paolo Zannoni said last month a secondary listing in Milan is a possibility but not a priority for Prada, adding that no decision had been taken on the issue.</p>.<p>Co-Chief Executive Officer Miuccia Prada and her husband, Italian businessman Patrizio Bertelli, are unlikely to cut their stake in any deal, the report said. They have an 80% stake in the company.</p>.<p>The report added that Prada and its advisers are working through the complexities of attempting the first Hong Kong-Milan dual listing and no final decisions on timing or size have been taken.</p>.<p>Prada and Goldman Sachs did not immediately respond to requests for comment from Reuters.</p>
<p>Italian luxury group Prada SpA is considering seeking at least $1 billion from a second listing in Milan and is working with Goldman Sachs Group Inc on early preparations, Bloomberg News reported on Friday.</p>.<p>The offering would likely take place next year with the company looking to raise funds by selling new shares in Milan, the report said, citing people familiar with the matter.</p>.<p>A dual listing in Europe would help the Hong Kong-listed luxury group widen its investor base as some funds can only put money into European or US stocks.</p>.<p>Prada's Chairman Paolo Zannoni said last month a secondary listing in Milan is a possibility but not a priority for Prada, adding that no decision had been taken on the issue.</p>.<p>Co-Chief Executive Officer Miuccia Prada and her husband, Italian businessman Patrizio Bertelli, are unlikely to cut their stake in any deal, the report said. They have an 80% stake in the company.</p>.<p>The report added that Prada and its advisers are working through the complexities of attempting the first Hong Kong-Milan dual listing and no final decisions on timing or size have been taken.</p>.<p>Prada and Goldman Sachs did not immediately respond to requests for comment from Reuters.</p>