Second-hand luxury handbag retailer Milan Station made headlines last week as it warned of an expected loss this year, which it said was to be blamed on continued slow demand for luxury goods.
The news underscores the downfall seen since its initial public offering in May last year.
The public offer for Milan Station's IPO was subscribed a record 2,179 times and its share price rose 66 per cent upon listing. But at time of writing, the stock was more than two-thirds below its offer price.
via Business feed http://www.scmp.com/business/money/markets-investing/article/1074660/handbag-ipo-fails-carry-its-price
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