Golden Goose Prepares for €100 Million IPO in Milan

Golden Goose Prepares for €100 Million IPO in Milan

Marta Delgado
2 min read

Golden Goose Prepares for €100 Million IPO in Milan

Golden Goose, the luxury sneaker brand based in Italy, is making preparations for a €100 million Initial Public Offering (IPO) in Milan. The move aims to value the company at approximately €3 billion, inclusive of debt. This strategic decision aligns with a resurgence in the European IPO market, which has witnessed companies raising over $12.4 billion this year, indicating a substantial increase from previous years. Despite a slowdown in the luxury sector, Golden Goose has exhibited impressive growth with a noteworthy 18% surge in sales, peaking at €587 million in the previous year. Furthermore, the brand has seen a 19% rise in adjusted EBITDA. Renowned for its distinctively handcrafted sneakers favored by celebrities, the company intends to utilize the IPO proceeds to alleviate its existing debt burden. This initiative reflects a larger trend wherein companies capitalize on the recovering market conditions to venture into the public sphere following a period of subdued activity due to economic uncertainties.

Key Takeaways

  • Golden Goose is preparing to raise €100 million through its Milan IPO, with an estimated company valuation of €3 billion including net debt.
  • The European IPO market has exhibited a significant resurgence, witnessing companies raising $12.4 billion in the current year.
  • Despite challenges within the luxury market, Golden Goose experienced an 18% increase in sales last year, reaching €587 million.
  • The IPO strives to reinvigorate Europe's equity capital markets, which have encountered an irregular recovery phase.
  • The company's adjusted EBITDA recorded a noteworthy surge of 19% last year, underscoring its robust financial performance in the midst of market challenges.


Golden Goose's decision to pursue an IPO amid the revitalized European IPO market exemplifies strategic timing, leveraging favorable market conditions to alleviate debt burdens. The brand's resilience in the face of sectoral deceleration is evident through its strong sales and EBITDA growth. The anticipated outcomes of this move include the potential enhancement of liquidity and investor interest in European equities, possibly influencing other luxury brands to adopt a similar approach. In the long run, the IPO could fortify Golden Goose's market position and facilitate further expansion, while in the short term, it may engender heightened market volatility and intensified investor scrutiny. Overall, this IPO signifies a positive shift in investor confidence and market dynamics for luxury goods and equity markets.

Did You Know?

  • IPO (Initial Public Offering): A process through which a private company can transition to a public entity by offering its stocks to the general public, often utilized to raise capital from public investors.
  • EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): A metric utilized to gauge a company's overall financial performance, serving as an alternative to simple earnings or net income in certain scenarios. It indicates the company's operational profits before subtracting non-operational expenses like interest, taxes, depreciation, and amortization.
  • Equity Capital Markets: A segment of the financial markets where securities such as stocks are issued and traded. It serves as a platform for companies to raise capital through the sale of shares, while investors can engage in the purchase and sale of these shares.

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