Puig, the Spanish beauty and fragrance company, successfully launched Europe's largest initial public offering (IPO) of the year, raising €2.6 billion. The IPO was priced at the top of the range, reflecting strong investor demand and valuing the company at €14 billion. The founding Puig family, owners of renowned brands such as Jean Paul Gaultier and Rabanne, emerged as significant beneficiaries of the IPO. On its trading debut, Puig shares experienced a positive reception, with prices rising above the initial offering on the Spanish market. Concurrently, CEO Marc Puig introduced a 'self-disempowerment' plan aimed at reducing the family's control over the company.
Beauty group Puig gets lukewarm reception in Spanish market debut https://t.co/v1XPb30LW2 https://t.co/nfdeUKPWOi
Shares of Jean Paul Gaultier owner Puig Brands jumped above their listing price on their trading debut in Spain after the world’s biggest initial public offering so far this year https://t.co/kdaAFMIJXE https://t.co/kdaAFMIJXE
Live: Puig shares jump in largest European IPO this year https://t.co/wqIdMdiEVf
Jean Paul Gaultier Owner Puig Shares Rise on First Day of Trading https://t.co/1QhmWc3Wte
Puig shares rose after the Spanish beauty and fragrance company raised €2.6 billion in Europe’s biggest listing so far this year https://t.co/cLtyxwXOWf
Spain’s fashion and beauty group Puig poised for IPO https://t.co/elb3F6wjGL
Puig is poised for a $15 billion IPO, but CEO Marc Puig has a "self-disempowerment" plan to stop his family from controlling the Spanish beauty empire. https://t.co/PyFtgTUejx
Spain's Puig prices shares at top of range in oversubscribed IPO https://t.co/IZCUAC5X9l https://t.co/p4iyRxAynl
Jean Paul Gaultier Owner Puig Brands Prices IPO at Upper End of Range https://t.co/SvEqfmVFej
Puig, the owner of brands including Rabanne and Jean Paul Gaultier and its founding family raised €2.6 billion in Europe’s biggest IPO so far this year. https://t.co/LUkxBCBovn
Members of the 110-year-old Puig dynasty are poised to be the biggest individual winners in Europe’s largest listing this year https://t.co/sawt0SABd8
Hormel-sized. The American Eater Wins Again Puig aims for top-of-the-range €14bn valuation at IPO https://t.co/Qd1M4Tr3rT
Puig set to launch IPO at top of price range in Europe’s top public float this year https://t.co/WvoSk0iZhh
Puig Brands and the Spanish fragrance company’s founding family set the price for an IPO at the top of a marketed range, in Europe’s biggest listing so far this year https://t.co/3yr975AkGU