THE WHAT? The Puig Group SL, a Spanish cosmetics and sweetness firm, is reportedly planning to announce an preliminary public providing (IPO) in Madrid, aiming to lift between €2 billion and €3 billion. The family-owned enterprise intends to file its Intention to Float doc by April 8, although the main points of the providing might nonetheless change.
THE DETAILS Amid a backdrop of current profitable IPOs and a surge in inventory market indexes, firms are eager on going public; nonetheless, investor warning as a result of rising rates of interest since early 2022 has led to a shaky IPO market, as seen within the underperformance of some listings and the cancellation of others. This warning is clear following the cancellation of Bergé y Compañía’s plans to record its Astara unit, reflecting broader market uncertainties.
THE WHY? Based in 1914 and nonetheless underneath the management of its founding household, Puig has introduced a 19% enhance in web revenues in 2023, reaching €4.3 billion, with report EBITDA of €849 million, indicating a powerful monetary place. The corporate, recognized for its high-profile magnificence and vogue manufacturers, together with Charlotte Tilbury and Jean Paul Gaultier, is leveraging its historic success and strong monetary efficiency as a basis for its deliberate IPO.
