How much are these Jimmy Choos? Try more than a $1 billion

A model presents a creation from Jimmy Choo during its London Collections: Men show in London in this June 16, 2014 file photo. -- PHOTO: REUTERS
A model presents a creation from Jimmy Choo during its London Collections: Men show in London in this June 16, 2014 file photo. -- PHOTO: REUTERS

Jimmy Choo, the luxury shoemaker made famous by American TV series Sex and the City, will debut on the London stock market on Friday at 140 pence per share valuing the company at £545.6 million (S$1.12 billion).

The high-end shoemaker was able to launch its initial public offering (IPO) despite market turbulence in the past two weeks which has resulted in many IPOs being held back.

However, this has come at the cost of a lower market valuation than if the company had priced at the top of its initial range, 140-180p, which was brought down to 140-160p this week, CNBC pointed out.

UK bank Aldermore cancelled plans this week for a London float that would have valued it at up to £880 million balming the stock market slump.

In the United States, cloud-storage provider Box Inc. and Good Technology Corp. have delayed their share sales until next year, the Washington Post reported. Others, from online- dating site Zoosk Inc. to GoDaddy Inc., the Internet domain marketplace, are watching the markets to decide if they'll also punt their deals to 2015, the newspaper said.

ann@sph.com.sg