Puig will be a listed company this coming Friday. The Puig group will start trading on the stock market on May 3 with a fixed price per share: 24.50 euros, the highest price of the previously set range, which entails a valuation of 13,900 million euros in what will be the largest stock market listing in Europe so far in 2024.
The Catalan cosmetics firm established at the beginning of April a price range in which the price per share oscillated between 22 and 24.50 euros, although it has not been known until today what its final price was.
According to Europa Press news agency, sources close to the Catalan cosmetics group ‘there has been a lot of demand’ which guarantees the operation, taking into account that there are enough orders from investors to cover the size of the offer.
As the company announced, the shares are divided into different classes or types. The founding family will retain a majority shareholding with class B shares that guarantee control of voting rights. The company also reserved another class of shares which is exclusively reserved for investors and for the founders of the firms of Byredo and Charlotte Thilbury. With the B shares, the company secures political control and will have 68% in the class A A shares, which have five voting rights per share, and the remaining percentage up to between 70.5% and 73.44%.
Puig, which has been rumoured to be going public since 2023, revealed its intentions at the end of last year and explained that this decision will help Puig to become a more visible and well-known company.