The puffy-coat billionaire's IPO soars
Moncler's pricey down coats are beloved by the wealthy. And Monday, the company's stock was a winner as well.
On Monday, investors sought to get a piece of another expensive Moncler offering, bidding up the shares of the company by more than 40% from their IPO price.
His 32% stake in Moncler is now valued at about $1.6 billion. It's one of Italy's biggest IPOs in years.
Private-equity firm Bain Capital this month announced it was buying a big stake in Canada Goose, which, like Moncler, sells luxury winter apparel. But the Italians rule this world and Ruffini is joining seven other Italian billionaires as the richest people in the fashion business.
- Billionaire Hedge Fund Manager David Tepper Is Having A Huge Year
- Winners And Losers Of Wall Street
- Carl Icahn Is Wall Street's Person Of The Year And Going After Apple
didn't he try and sell these on Seinfeld
"But I don't want to look like a pirate"
Seinfeld, was pushing the puffy, frilly shirts against his will for Krazy Kramer and a gfriend...
But remember George in a/the puffy coat, where he looked like the Pillsbury Doughboy..
Or maybe the Michelin Guy...?
Copyright © 2014 Microsoft. All rights reserved.
These hot movers could rise by double digits in coming months.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.