Puig prices IPO at 24.5 euros, exceeding prospectus average
Economy

Luxury Cosmetics Company Puig Goes Public with a Valuation of 14,000 Million Euros

Samantha Jones

Puig, a luxury cosmetics company, is set to go public on Friday with a value of 14,000 million euros. The company has decided to set the IPO price at 24.5 euros per share, which is the highest within the range considered in the IPO prospectus. This reflects the success of the largest operation in Europe this year and the strong demand from institutional investors.

Puig expects to become a clear candidate for the Ibex 35, ranking fifteenth by capitalization at 24.5 euros. The company received overwhelming demand from investors, covering the entire placement within minutes of opening the order book last week. Banks suggested the possibility of increasing the offer price, but Puig stuck to its planned range and will wait for the closing of the books on Tuesday.

Goldman Sachs, JP Morgan, Bank of America, BNP Paribas, CaixaBank, and Banco Santander are all involved in coordinating the operation. Market sources believe that Puig has placed portfolios of large funds due to increased investor interest in the luxury sector this year. The company is expected to close

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