Puig closed its first week on the stock market last Friday. The Catalan cosmetics, perfumery and beauty group ended its first week with the arrow pointing upwards. After its debut on the stock market, it has completed its listing with an increase in the value of its shares of 1.95%.
Puig shares, as of 10 May, closed at €24.98 compared to €24.50 last Friday. However, at the beginning of last week, specifically on Wednesday, Puig reached its highest level to date, reaching €26.40 per share, but closed in the negative last Thursday and Friday and the stock lost 3% of its value.
Puig continues to hold the highest IPO in Europe so far this year with a price per share of 24.50 euros, the highest of the range set in its prospectus announcing the IPO.
The Europa Press news agency has been able to contact stock market experts who say that Puig has all the necessary attributes to achieve a great performance on the stock market in the long term. However, others point out that the company has set a high price for its exit and that, as a result, it has not managed to take off on the continuous market. All the experts agree that stock market listing is a long-distance race in which the company must wait for some time for the price to settle and adjust, specifically two or three quarters.