Spanish Cosmetics Conglomerate Puig, Known for Luxury Brands Like Charlotte Tilbury, Jean Paul Gaultier, and Paco Rabanne, Prepares for One of the Most Ambitious IPOs in Recent Years in Spain

With a planned issue of new shares worth €1.25 billion and an additional offer of existing shares, the company is aiming for a total volume of up to €2.5 billion. Under the leadership of Marc Puig, the executive team emphasizes that the move to go public is intended to strengthen the company's position in the international competition of the beauty market.

Puig, Which Has Its Roots in a Family-Owned Business, Was Able to Record a Net Sales of EUR 4.3 Billion in 2023, Reflecting Growth of 19 Percent Compared to the Previous Year. The Record Profit Achieved Amounted to EUR 849 Million, with an EBITDA Margin of Over 20 Percent. This Positive Business Trend Highlights the Company's Attractiveness to Potential Investors.

The IPO, which is targeted for the first half of the year, depends on prevailing market conditions. Should Puig successfully go public, it would be the most notable debut on the Spanish stock market since the energy company Opdenergy in July 2022. This move follows a period in which other companies in the industry, such as the perfume chain Douglas, faced difficulties with their IPO plans.

With this move, Puig not only demonstrates confidence in its own business development but also the strength and potential of the global beauty market. The planned capital increase promises to further drive the international expansion and competitiveness of the group, with many years of experience and a portfolio of renowned brands serving as a solid foundation.