Puig will replace Melià on the Ibex 35 and forms part of this prestigious group of companies with the 35 most liquid stocks listed on the four Spanish stock exchanges: Madrid, Barcelona, Bilbao and Vizcaya. The company was listed on the stock exchange on 3 May and has convinced the Ibex Technical Advisory Committee of its entry.
As of 22 July, the Catalan cosmetics and perfumery company Puig will be part of the Ibex 35. After a meeting held this Tuesday of the Committee that was convened on June 12, this decision was agreed, since the Catalan company already had the necessary criteria of liquidity and capitalisation to join the club of 35. This waiting time has been extended to wait for the company to complete the two months in the stock exchange listing.
Puig was floated on the stock market on 3 May and has been the world's largest IPO in 2024 and the largest on the Spanish stock market since Aena was floated in 2015.
Puig has set a new record, becoming the most recent IPO to reach the Ibex35. Only Acciona Energía achieved a place in the Spanish index in 2022 and that was one year after its IPO. The Ibex had been stable since the end of 2022, when it added Unicaja to replace Siemens Gamesa and Logista in the position of PharmaMar.
On 22 July, Puig will officially replace Meliá Hotels, which leaves the selective after its entry in 2016. According to Bankinter, the hotel company repeatedly fails to meet the capitalisation criterion and will leave the Ibex35, in part, also because of its trading volumes. The hotel company entered the Ibex 35 in the summer of 2016, replacing FCC (Fomento de Construcciones y Contratas) and in these almost eight years, according to ElEconomista.es, the hotel company's shares have fallen by almost 27%, representing an annual devaluation of almost 4%.