BME welcomed Puig today. Marc Puig, Chairman of the company, was accompanied by Javier Hernani, CEO of BME, at the traditional ringing of the bell at the Barcelona Stock Exchange.
The company debuted at a price of 24.50 euros per share, which implies a stock market valuation of 13.9 billion euros.
This is the largest IPO transaction in Spain since 2015 and is also the largest so far this year in the world.
“We are delighted to welcome Puig to BME. The fact that a company of Puig's size, international dimension and profile chooses the Spanish Stock Exchange to list is fantastic news that undoubtedly serves as an example for other companies. Furthermore, with its incorporation, the Spanish Stock Exchange is more diverse and more representative of the economy. We wish Puig the best of luck in this new venture, in which they will have all the advantages of becoming a listed company,” explains Javier Hernani, CEO of BME.
Jos Dijsselhof, CEO of SIX Group and Chairman of BME, remarks, 'Successful IPOs are lighting the path toward renewed confidence in European exchanges, signaling a broader shift towards global competitiveness and encouraging firms to venture into the public market arena.' He adds, 'We are proud to welcome Puig and extend our best wishes for their success as a public company. With Puig in Spain and Galderma in Switzerland, we are delighted to host the two largest IPOs globally on our Exchanges so far in 2024.'
The company has begun trading under the ticker symbol “PUIG”.
Puig is a global beauty company with a portfolio of premium fashion and beauty brands. In 2023 it reached €4,304 million in net sales, 19% more than the previous year and a record figure for the company, with double-digit growth in all segments and geographic areas.
You can see the photos of the Toque de Campana in this link.