A relevant IPO for Puig
The cosmetics firm Puig has announced its exit to the Stock Exchange, marking a significant event for the family-owned Catalan company. This exit to the Stock Exchange is considered the most important in Europe since the beginning of the year. Puig’s listing has started at a price of 24.5 euros per share, the highest of the range set in the prospectus, and has resulted in a market capitalization of 13,920 million euros. Investors have shown great interest in this IPO, as reflected in the increase in the share price in the first minutes of trading. Marc Puig, executive chairman of the group, expressed his satisfaction and emphasized that this listing marks a new chapter in Puig’s 110-year history. The Puig family will retain a significant stake in the company, with 71.7% of the economic rights and 92.5% of the voting rights. This IPO has aroused great interest among investors and is expected to contribute to the promising future of the company.
Marc Puig’s speech
In his speech, Marc Puig highlighted the importance of investor demand and acknowledged the hard work and dedication of the Puig teams. He also stressed that the company will continue to focus on innovation and the expansion of its portfolio of own brands. Puig is present in 32 countries and has 11,000 collaborators. Marc Puig has expressed his confidence in the future of the company and has emphasized that this exit to the Stock Exchange is a recognition by investors of Puig’s strategy.
Capital market reaction
Puig’s listing on the Stock Exchange has been well received by the capital market, with the CEO of the BME, Javier Hernani, being satisfied with this decision. Hernani emphasized that this IPO has included a capital increase, which is well received by the market. This allows companies to obtain liquidity and sources of funding to continue growing. Hernani congratulated the Puig group for this decision and emphasized that it is a source of pride for the capital market.
