Puig Readies for a 3 Billion Euro IPO Next Week in Catalonia’s Cosmetics Industry

Puig, a prominent Catalan cosmetics corporation, is readying for 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 listed company before the end of May.

The company has been in the final stages of preparing to go public and is expected to make an official announcement on Monday regarding its intention to float (ITF). This marks the beginning of formal conversations with potential investors to gauge market interest.

In recent weeks, Puig has engaged in preliminary discussions with investors to assess market appetite for the IPO. Formal meetings are set to begin next week, with the aim of having an IPO brochure ready by the end of the month and launching in May.

JP Morgan and Goldman Sachs are coordinating banks for the IPO, with legal matters 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 by offering around 25% of its capital 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 contrasts with recent Astara cancellation from Bergé group subsidiary’s IPO despite this other companies such as Tendam Europastry Hotelbeds Volotea Cirsa Calvera are also considering making their debut on stock markets this year.