Reuters leaves competition in the dust on details of $2.6 billion Prada Hong Kong IPO

Reuters was far ahead of Bloomberg and Dow Jones with key details of the highly anticipated IPO by fashion group Prada, including the indicative price range and P/E valuation of the company. Bloomberg was left citing Reuters as source on the information nearly 1 hour after the Reuters story broke and kept referring to Reuters for a while before it was able to match it. Dow Jones took more than three hours to match the Reuters information. British newspapers The Times and The Guardian, Germany’s Handesblatt, Hong Kong’s South China Morning Post were among publications which picked up the Reuters story.