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.