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Puig CEO Change Within First Year Post-IPO?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official company announcements and major business news sources.
Story
Puig Sets IPO Price at Top Range, Achieves €14bn Valuation in Europe's Largest Listing
Apr 30, 2024, 08:16 PM
Puig, a prominent Spanish fragrance company, has successfully set the price for its initial public offering (IPO) at the top of the marketed range, achieving a valuation of €14 billion. This IPO, involving the sale of shares priced at the upper end of the range, has become Europe's largest listing for the year. The IPO was notably oversubscribed, indicating strong investor interest. Members of the Puig dynasty, who have managed the company for over 110 years, are among the largest individual beneficiaries of this public offering. The company, which owns esteemed brands such as Jean Paul Gaultier and Rabanne, raised €2.6 billion through this transaction.
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Top performer • 33%
Average performer • 34%
Below average performer • 33%
Cosmetics • 25%
Fragrances • 25%
Skincare • 25%
Fashion and accessories • 25%
Significant reduction in family control • 25%
Moderate reduction in family control • 25%
Minor or no change • 25%
Increase in family control • 25%
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%
Acquisition of another luxury brand • 33%
Expansion into new geographical markets • 33%
Launch of new product lines • 34%
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%
Introduction of sustainable and eco-friendly products • 33%
Adoption of digital and e-commerce solutions • 33%
Focus on personalized and custom fragrance products • 34%
Current CEO of BlackRock • 25%
Current CEO of Citadel • 25%
External hire • 25%
Internal promotion • 25%