On Monday, Puig confirmed that they will be launching their IPO in the home market. The Catalan high-end cosmetics firm is aiming for valuations exceeding 10,000 million euros. To achieve this, they will only place a minority share among institutional investors, exceeding 2,500 million euros (25% of the total required for any premiere).
The family will maintain control of the company through a majority stake after a century of history, with the third generation leading this new stage in the IPO. Puig aims to align their corporate structure with the best family companies in the premium beauty sector by becoming a listed company.
Puig, founded in 1914, is dedicated to fragrance and fashion, makeup, and skincare. The company operates in 32 countries with brands like Rabanne, Charlotte Tilbury, and Carolina Herrera. Puig saw unprecedented market share growth in fragrances and exceeded revenue goals in 2023, with significant growth in all segments and regions.
The schedule for the IPO involves setting the price of the stock market debut at the end of April and taking the first steps on the market in May, pending approval from the National Securities Market Commission (CNMV). The objective of the operation is to raise more than 2,500 million euros through a public offer for the sale of shares and another offer to sell existing shares by the company’s majority shareholder, Puig.
In addition to their successful financial performance over recent years, Puig’s plans for expansion and growth indicate a promising future in