Puig Brands (Ticker: PUIG SM) is a company based in Barcelona, operating in the perfume and fashion industry with brands such as Paco Rabanne, Carolina Herrera, and Jean Paul Gaultier. Puig Brands is set to list on the Madrid Stock Exchange on May 3. The company has priced its IPO at 24.50 euros per Class B share, at the upper end of the initial price range of 22 to 24.5 euros. The market capitalization at the offer is EUR 13.92 billion (USD 14.89 billion).
The total offer size is EUR 3 billion (USD 3.21 billion), consisting of approximately EUR 1.25 billion from new shares and EUR 1.36 billion from existing shares sold by the controlling shareholder. Class B shares, while carrying the same economic rights as Class A shares, have fewer voting rights. Post-IPO, the Puig family will maintain a majority stake and the majority of voting rights. The offering is managed by Goldman Sachs, with an over-allotment option of up to EUR 390 million available.

APG SM
Offer Price EUR 19.10
Pre Shoe Amount EUR 90.15M
Shares Offered 4.72M

Ticker pending
Offer Size EUR 200M
Price Range EUR 4.75 - 5.40