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Spain s Fashion And Beauty Group Puig Poised For IPO
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Shares in Spain s beauty group Puig rise on market debut
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The iconic Nina Ricci, Paco Rabanne and Jean-Paul Gaultier labels make their market debut Friday as Spanish fashion and beauty group Puig begins trading on the Madrid stock exchange. For the family-owned Puig Group, which has expanded rapidly into luxury goods, going public is a big step which will allow it to compete with the giants of the sector such as Estee Lauder, Hermes, Kering and LVMH. The move "is a decisive step in Puig's 110-year history," chairman and CEO Marc Puig said last month, emphasizing the firm's "long-term approach".
Bankinter: Trading starts this Friday at 12.00h. The placement price has been €24.5/share. The group, valued at €14,000 M, has placed 32% of its capital among
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