Spanish cosmetics group Puig is planning a multi-billion dollar IPO. This is reported by the Reuters news agency.
Therefore, the company wants to sell new shares worth €1.25 billion and an even larger amount of existing shares. Puig owns well-known brands such as Carolina Herrera, Rabanne and Charlotte Tilbury. According to Fashion United, Barcelona, Madrid, Bilbao and Valencia will apply for listing.
Experts talk about an IPO in the first half of the year
CEO Marc Puig made a statement about the IPO, according to Reuters: “The balance between a family business and market responsibility will allow us to better compete in the international beauty market.”
As Handelsblatt reports, according to experts, the IPO should be possible in the first half of the year.
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