Cashing In

Moleskine Seeks 350 Million Euros in IPO

Does this mean hipsters' favorite notebooks will now be totally uncool? Moleskine, the Italian brand of notebooks with Ernest Hemingway's seal of approval, is seeking 350 million euros (about $455 million) in an initial public offering announced today, two people "with knowledge of the matter" told Bloomberg. The company is seeking a valuation of about 700 million euros. Appunti Sarl and Pentavest Sarl are selling a 50 percent stake of the company in the IPO, though Syntegra Capital (which currently owns about 68 percent of Moleskine) will retain a significant share.