Wilhelmina announced this morning that they're going public. When private companies decide to go public, it usually means that they need to raise some cash, either because they have some nagging debts, or because they just want to have the capital to expand. We're curious to see what, if anything, comes from this. Wilhelmina hasn't really been relevant in terms of fashion models for a while, at least not in comparison to major players like IMG and Women. Though WIlhelmina helped launch the career of Lauren Hutton, their roster of clients right now is headlined by Fergie, Brandy, and Natasha Bedingfield. Maybe they're raising money to steal away some of the girls on Model.com's Top 50 - because, as of right now, Wilhelmina is entirely absent.
Prada to Go Public on the Hong Kong Stock Market
After years of mulling an initial public offering, Prada's board of directors has approved of the company's intentions to be listed on the Hong Kong Bourse. Prada's currently making about 2 billion Euros a year in sales, and investors are betting that the company is worth at least 6 billion Euros. The stock market debut could happen as early as July. So why is Prada going public, and why is the company going public in Hong Kong instead of Europe, where it's based?