Jean Paul Gaultier Owner Puig Plans $3.25 Billion IPO in Spain.

Puig Brands, the owner of Jean Paul Gaultier, plans to conduct a $3.25 billion initial public offering (IPO) in Spain. The Barcelona-based beauty company, which also owns Carolina Herrera, Paco Rabanne, and Nina Ricci, intends to list on the Madrid and other Spanish stock exchanges. This IPO is part of a broader revival in European IPO activity. Puig plans to raise approximately EUR1.25 billion through the sale of new shares, with existing shareholders also selling shares valued at EUR1.75 billion. The company will use the proceeds to refinance acquisitions and fund future strategic investments. [Extracted from the article]