Puig Goes Public in Record-Breaking European IPO

In a momentous event at the Barcelona Stock Exchange, Marc Puig, chairman and CEO of the renowned beauty and fashion company Puig, rang the opening bell to signal the company's public debut. This marks a significant milestone as Puig's IPO has become the largest in Europe for 2024 and the most substantial in Spain since 2015, raising a monumental 2.6 billion euros for its founding family.

With an initial share price set at 25.50 euros, surpassing the offer price of 24.50 euros, the stock closed the day where it started, reflecting steady investor interest. This IPO, which values Puig at an impressive 13.9 billion euros, was multiple times oversubscribed, showcasing strong market confidence in the company's robust portfolio of brands, including Rabanne, Carolina Herrera, and Jean Paul Gaultier.

Puig, now trading under its new corporate logo, continues to be predominantly controlled by its founding family through Puig SL, ensuring that the company's heritage and vision remain intact. The company has made clear that future generations of the Puig family will maintain a strategic, though not operational, involvement.

Operating across 32 countries and owning 17 brands, Puig achieved over 4.3 billion euros in net revenues last year, primarily from its fully or majority-owned brands. This IPO reflects Puig's impressive market standing while reinforcing its position as a leader in the global beauty and fashion industry.