Puig Soars on Stock Market Debut with Over 4% Rise in Share Price

Puig has successfully debuted on the stock market, with its shares rising by 4.24% to 25.5 euros per share. The multinational company, which specializes in perfumery, cosmetics, and fashion, saw high demand for its shares and was able to fill its order book within minutes. Despite initial excitement about the IPO, Puig is now working to maintain its share price as it approaches the end of the trading session.

The IPO marks the largest in Spain since 2015 and was the first debut in almost two years. Puig’s president and CEO, Marc Puig, expressed optimism about the future as Puig transitions to a publicly listed company. The company had set its debut price at the top of the range, valuing it at 14,000 million euros and may still carry out an expansion of placement through a green shoe option. Investor interest in Puig’s debut was evident as trading volume remained high throughout the day.

Puig’s IPO has been structured to protect family control, with the Puig family retaining a majority of economic and voting rights in the company. The funds raised through this IPO will be used to support further growth and expansion efforts, including financing recent acquisitions and future investments. The Puig family sees this IPO as a way to facilitate a transition to new leadership while maintaining their legacy as one of Spain’s most successful companies.

Goldman Sachs and JP Morgan served as global coordinators for the IPO, with several other banks involved in facilitating this historic event. Legal teams were also crucial in ensuring that everything ran smoothly during this important milestone for Puig’s history.

In conclusion, Puig’s successful debut on the stock market is an exciting step forward for this iconic Spanish brand that has been around for over 90 years. With continued investment from both current leadership and outside investors alike, Puig will undoubtedly continue to thrive as one of Europe’s leading luxury brands for generations to come.

As Marc Puig said: “This is just another chapter in our ongoing story of innovation and growth.”