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Prada handbags and other products are pricey. When compared to goods, the Italian fashion house's trading debut on the Hong Kong stock exchange wasn't exactly as high end.

On Friday, the shares closed at HK$39.60 - only 0.25 percent above their initial public offering price of HK$39.50. If handling fees were included, subscribers would have lost money if they unloaded the stock.

Obviously, there were various factors the reason for the lackluster performance. First, the market sentiment was weak, amid a lack of great news in the United States,Europe and China.

Second, as many people had pointed out, the stock was seen to be expensive because of the high price-to-earnings ratio cited during the IPO promotion.