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Puig Plans IPO

Privately-held cosmetics company will raise $2.7 billion.

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By: TOM BRANNA

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Puig, the privately-held Spanish cosmetics company, will go public later this year. Puig owns brands such as Carolina Herrera, Rabanne and Charlotte Tilbury. The company posted record sales in 2023 in excess of $4.4 billion. Puig is ranked No. 13 in Happi's The International Top 30. Puig said it plans to raise more than 2.5 billion euros ($2.71 billion) in Spain's largest initial public offering in almost a decade. The family-owned company aims to sell 1.25 billion euros of new shar...

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