CriteriaCaixa, the holding company that manages the business assets of the “la Caixa” Foundation, has acquired class B shares for 3.05% of Puig’s share capital within the framework of the company’s public sale offer (IPO). , which will go public this Friday. Criteria will invest 425 million euros in this operation, according to the “la Caixa” holding company.
Puig will debut on the stock market with a valuation of 13,920 million euros after setting the price of its shares at 24.50 euros in the public sale offer (IPO), according to the information sent yesterday to the National Securities Market Commission (CNMV). After the IPO operation, the Puig family will maintain control over 71.7% of the company and 92.5% of its voting rights.
The offer has been oversubscribed multiple times throughout the price range, states the note sent to the CNMV, given the significant demand from international and national institutional investors.
Given this overwhelming demand, the highest price in the established range has finally been set (between 22 and 24.50 euros). The offer is for a total of up to 3,000 million euros. The shares will be listed on the Barcelona, ??Madrid, Bilbao and Valencia stock exchanges, under the PUIG label, from Friday, May 3. The emblematic ringing of the bell will be celebrated that same day at the Barcelona Stock Exchange.
“Today a new and decisive chapter opens in the 110 years of Puig’s history,” highlighted yesterday its executive president, Marc Puig, for whom the strong demand registered shows “the support of investors for our strategy of growth and success in the global premium beauty market thanks to a unique brand portfolio.
