Luxury sneaker brand Golden Goose Group SpA is kicking off a Milan IPO that is poised to be Italy’s largest listing in over a year, buoying an uneven recovery in Europe’s equity capital markets.

Golden Goose aims to raise €100 million (about $108 million) from selling new shares and its owner, the private equity firm Permira, plans to sell an unspecified amount of existing stock, Bloomberg News reported. While the size of the offering has yet to be determined, at least 25 percent of the company will be listed and Bloomberg News reported earlier that Golden Goose could be valued at about €3 billion (about $3.3 billion) including net debt. That indicates the IPO will be Italy’s largest since at least the €599 million sale by gambling company Lottomatica SpA in May last year.