:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/ODKTQY4DEVAHZJ3DODWFLB352Q.jpg)
Puig, a leading cosmetics company based in Catalonia, is set to make its initial public offering (IPO) next week with the goal of raising up to 3 billion euros in the market. The primary objective of this move is to generate funds, provide liquidity to its shares, fuel expansion plans, and become a publicly traded company before the end of May.
Puig has been preparing for its IPO for several months and is now in the final stages of readying itself for the big day. The company expects to make an official announcement on Monday regarding its intention to float (ITF), which will kick off formal conversations with potential investors.
Preliminary discussions with investors have already taken place in recent weeks to gauge market interest. Formal meetings are scheduled to begin next week, with the aim of having an IPO brochure ready by the end of April and launching in May.
JP Morgan and Goldman Sachs are serving as coordinating banks for the IPO, while legal matters are being handled by Linklaters and Cuatrecasas. Bank of America, BNP Paribas, CaixaBank, and Santander are also involved in the process. BBVA and Sabadell will play a role in subsequent steps.
Puig aims to raise between 2 billion and 3 billion euros in the market through a combination of share sales and a capital increase. This would value the company between 8 billion and 12 billion euros, making it one of the largest IPOs in Spain’s recent history.
The decision by Puig to go public comes at a time when other companies such as Tendam, Europastry, Hotelbeds, Volotea, Cirsa, and Calvera are also considering making their debut on the stock market this year.
Overall, Puig’s IPO is expected to be highly successful due to its strong brand reputation and growth potential. It remains to be seen how other companies will perform on their respective IPOs this year but it is clear that there is no shortage of interest from investors looking for new opportunities on Wall Street or European exchanges.
In conclusion, Puig’s upcoming IPO marks an exciting milestone for both the company itself as well as Spain’s business community as it could lead to increased investment opportunities for Spanish companies looking to expand their operations domestically or internationally.
