Business Accounting And Finance

BUSINESS ACCOUNTING AND FINANCEBy (Name)CourseUniversityProfessorCityDateBusiness Accounting and Finance(i) (a) Prada (Stock code '1913') was motivated to go public because the firm wanted to raise funds in a primary offering and pay the debt it owed to the creditors. IPO has fewer rules and regulations, and it is close to the Chinese investor who wanted to invest in luxury goods companies (Que & Fairley, 2013). Similarly, going public was influenced by the need to meet the working capital needs and general corporate purposes. The firm also wanted to improve and expand its DOS network and get close to the market (b) Prada chose to list on the Hong Kong Stock Exchange because the region is closer to the growing markets which the company is targeting for the growth of the future. Prada intended for the foreign listing to achieve a strong financial track record and therefore chose the market with the