An IPO prospectus for the Italian luxury goods maker Prada SpA suggests the firm will target a US$2.6 billion IPO on the Hong Kong Stock Exchange later this month, Bloomberg reports. The pricing could see Prada’s share sale raise twice as much as Chinese shoe maker Belle International (1880.HK), which is currently the largest consumer-goods firm on the Hong Kong exchange. Prada’s IPO performance is likely to be keenly watched by other European luxury goods firms looking to follow suit on the Hong Kong bourse. While European luxury goods firms have been lining up to list in Hong Kong as a means of raising brand awareness in the China market, a bout of weak investor appetite has recently sapped enthusiasm. China accounted for 19% of the company’s global sales at the end of January, up from 10% just three years ago.