Designer Zegna to Go Public in SPAC Deal Worth $3.2 Billion Bloomberg 15 hrs ago Angelina Rascouet (Bloomberg) -- Ermenegildo Zegna is listing its shares via a $3.2 billion deal with a blank-check company, letting the Italian fashion house join other luxury brands tapping investor cash while keeping the founding family in control. Popular Searches Zegna said Monday it will raise $880 million by combining with Investindustrial Acquisition Corp., a special-purpose acquisition company whose chairman is Sergio Ermotti, former chief executive officer of UBS Group AG. The Zegna family will control 62% of the combined entity and the shares will trade on the New York Stock Exchange.