Puig Brands Prices IPO at Top, Raises €2.6 Billion in Europe's Largest Listing of the Year

Apr 30, 2024, 04:52 PM

Puig Brands, along with its founding family, successfully priced their initial public offering (IPO) at the upper end of the marketed range, raising €2.6 billion in what has become Europe's largest IPO this year. The IPO valuation for the Spanish fragrance company, known for owning prestigious brands like Rabanne and Jean Paul Gaultier, reached €14 billion. This significant financial event marks a milestone for the 110-year-old Puig dynasty, positioning its members as the major individual beneficiaries of the listing.