Perfume Retailer Douglas Guides IPO Pricing at Bottom of Range

German perfume retailer Douglas AG is expected to price its €907 million ($991 million) initial public offering at the bottom of the range, as European listings pick up pace.

The CVC Capital Partners-backed firm is expected to price its shares at €26 each, with the order book multiple times covered at that level and above, according to terms seen by Bloomberg News. The shares were being marketed at €26 to €30 each.

The stock is set to start trading on March 21. Douglas has been seeking to raise about €850 million by selling new stock, while current shareholders are looking ...