Yoox shares cleared for Milan bourse listing - News

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Yoox shares cleared for Milan bourse listing

By: AFX | 09 Nov 2009 | 12:22 PM ET

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MILAN, Nov 9 (Reuters) - Italian online fashion retailer Yoox SpA's shares have been cleared for listing on the main MTA segment of the Milan bourse, the Italian stock exchange said on Monday without setting a date for the listing. In September, the Bologna-based company announced it had approved an initial public offering of its shares, making it the first IPO on the MTA since Molecular Medicine SpAin March 2008. Yoox sells top fashion brands and accessories over the internet as well as operating online retail websites for individual designers. The company could not be reached for comment on timing or valuation. The bourse IPO clearance usually precedes that of stock market regulator Consob. (Editing by Dan Lalor) Keywords: YOOX/ (Milan newsroom, +39 02 6612 9507, fax +39 02 801149, milan.newsroom@news.reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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