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Puig's €14 Billion IPO Tops Europe, Shares Rise on Debut
May 3, 2024, 10:12 AM
Puig, the Spanish beauty and fragrance company, successfully launched Europe's largest initial public offering (IPO) of the year, raising €2.6 billion. The IPO was priced at the top of the range, reflecting strong investor demand and valuing the company at €14 billion. The founding Puig family, owners of renowned brands such as Jean Paul Gaultier and Rabanne, emerged as significant beneficiaries of the IPO. On its trading debut, Puig shares experienced a positive reception, with prices rising above the initial offering on the Spanish market. Concurrently, CEO Marc Puig introduced a 'self-disempowerment' plan aimed at reducing the family's control over the company.
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Acquisition of another luxury brand • 33%
Expansion into new geographical markets • 33%
Launch of new product lines • 34%
Puig Brands will gain significant market share in the fragrance industry by mid-2025 • 50%
Puig Brands will not gain significant market share in the fragrance industry by mid-2025 • 50%
Introduction of sustainable and eco-friendly products • 33%
Adoption of digital and e-commerce solutions • 33%
Focus on personalized and custom fragrance products • 34%
Puig Brands' valuation will increase by the end of 2024 • 50%
Puig Brands' valuation will not increase by the end of 2024 • 50%
Puig Brands' stock price will double by the end of 2024 • 50%
Puig Brands' stock price will not double by the end of 2024 • 50%
Jean Paul Gaultier shows significant sales growth • 25%
Paco Rabanne gains new market segments • 25%
Carolina Herrera expands its product offerings • 25%
No significant change in flagship brands' performance • 25%
Top 10% • 25%
Top 25% • 25%
Middle 50% • 25%
Bottom 25% • 25%
Increase 20% or more • 25%
Increase 0%-20% • 25%
Decrease 0%-20% • 25%
Decrease 20% or more • 25%
Growth over 20% • 25%
Growth 10%-20% • 25%
Growth 0%-10% • 25%
Decline in revenue • 25%