Puig, the largest cosmetics company in Europe, is set to go public this 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 operation and the strong demand from institutional investors.
Puig is expected 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 the 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
