Spain’s Puig Is Said to Prepare IPO Filing as Soon as Monday

April 6, 2024, 2:11 PM UTC

Spanish beauty and cosmetics company Puig Group SL is planning to announce its intention to hold an initial public offering as soon as this coming week, according to people familiar with the matter.

The Barcelona-based, family-owned firm plans to file the so-called Intention to Float document as soon as April 8, the people said. Puig and its current shareholders aim to raise between €2 billion and €3 billion ($2.17 billion-$3.2 billion) with the listing, which will be in Madrid, according to the people.

Deliberations are ongoing and details of the offering could change, the people said. A press officer for ...

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