EQT’s Skincare Business Galderma Sets Terms for $2.6 Billion IPO

Skincare company Galderma Group AG set the price range for a 2.3 billion Swiss franc ($2.6 billion) initial public offering, in what would be the largest listing in Europe since that of Porsche AG in 2022.

The shares are being marketed at 49 to 53 Swiss francs apiece through March 20, the
EQT AB-backed company said in a statement, with the stock set to start trading two days later. Based on the offer price range, Galderma will have an implied market capitalization of up to 12.6 billion Swiss francs.

The IPO marks a long-awaited revival of the region’s listings ...