Puig Goes Public in Record-Breaking European IPO

Puig, a leading beauty and fashion company, has made a notable entry into the public market by becoming the largest IPO in Europe for 2024, raising 2.6 billion euros at the Barcelona Stock Exchange. The IPO was launched at an initial price of 25.50 euros per share, valuing the company at 13.9 billion euros, and was significantly oversubscribed. This marks a significant moment for Puig, which controls popular brands like Rabanne, Carolina Herrera, and Jean Paul Gaultier, and confirms strong investor confidence in its business model and market potential.

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