Prada IPO raises HK$2.5 bln more with over-allotment

July 3 - Italian fashion house Prada said joint bookrunners for its Hong Kong listing had exercised an over-allotment option bringing more shares to the market and raising an additional HK$2.5 billion ($321.3 million).

Prada is up 18.5 percent since its June 24 trading debut and has significantly outperformed the broader market's 1 percent gain over the same period, underscoring strong demand for shares of luxury brands expanding in China.

Prada capsule collection of baroque eyewear

The over-allotment will bring the controlling shareholder Prada Holding BV's ownership in the company down to 80 percent from 82.5 percent.

The maker of luxury bags and Miu Miu dresses raised $2.14 billion in the initial public offering (IPO) after pricing it at the bottom of a revised indicative range.

Prada's listing was organised by Goldman Sachs , Credit Agricole's CLSA brokerage and Italian banks UniCredit SpA and Intesa Sanpaolo's Banca IMI unit, which are both represented on Prada's board.

(Reporting by Vikram Subhedar; Editing by Will Waterman)