Puig wants to go public before the end of the first half of the year. The Catalan company, which owns major fashion, cosmetics and perfumery firms, expects to make the leap to the stock market and become one of the year's stock market debuts in Europe, as explained by the newspaper Expansión.
Puig already has the services of Goldman Sachs and JP Morgan for its IPO, but as Modaes has also advanced, Bank of America (BofA), BNP Paribas, CaixaBank and Santander have been added. These will act as joint bookrunners, whose role is based on representing the company and controlling the issue of securities. It is also supported by BBVA and Banco Sabadell, which act as colead arrengers.
The Catalan company received a valuation of 8,000 to 10,000 million euros last week, as reported by ElEconomista.es. As Modaes explains, the company's forecasts are to start the IPO after Easter and complete the IPO before the summer.
The multinational in the fashion, cosmetics and perfumery sector continues to fatten its portfolio of brands and last January took a majority stake in Dr. Barbara Sturm, and last November, announced that in the first quarter of this year, would celebrate the inauguration and opening of the second tower of Puig, which is located in the same location as its first office with the aim of facilitating the incorporation of the latest technology and innovation to promote the development of new products.