Home » Puig chooses Madrid for its stock market debut in May

Puig chooses Madrid for its stock market debut in May

by admin
Puig chooses Madrid for its stock market debut in May

Listen to the audio version of the article

Puig will be listed in May on the Madrid Stock Exchange which has prevailed over the other two markets – Paris and New York – which had been taken into consideration by the Catalan company, given that Spain represents only 7% of its total sales, while the The USA is the second main market for the group with 36% of turnover (the first remains Europe). But not only that: Wall Street would have guaranteed the best valuation of the stock with 11.5 billion – according to local multipliers – against a Spanish range of 8-10 billion.

And this seems to be the last obstacle to the debut because – as reported by El Economista – if the group does not reach the valuation of 10 billion to which the Puig family aspires, it could withdraw from the listing as companies such as Cepsa or Ibercaja have done in the past.

On the Madrid Stock Exchange Puig would be the only luxury and cosmetics company listed (with brands such as Carolina Herrera, Paco Rabanne, Jean Paul Gaultier or Nina Ricci) unlike other markets such as the French one where it would find itself competing directly with giants such as L’Oréal, LVMH, Hermès and Kering which count on large capitalizations such as LVMH’s 422 billion or L’Oréal’s 236 billion.

Furthermore, it should not be forgotten that the group, which sells in over 150 countries with 32 foreign branches, is a family business rooted in Spain for 110 years.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy