Puig Brands (Ticker: PUIG SM) is a Barcelona-based company engaged in the perfume and fashion industry, known for brands such as Paco Rabanne and Carolina Herrera. Puig Brands is preparing for an IPO on the Madrid exchange, set for May 3. The company seeks to achieve a valuation of up to 13.9 billion euros ($14.8 billion) and aims to raise up to 3 billion euros. The shares will be offered in a price range of 22 to 24.5 euros per class B share. This IPO will include around 1.25 billion euros of new shares and 1.36 billion euros of existing shares.

Class B shares will carry the same economic rights as class A shares but fewer votes. Following the IPO, the Puig family will maintain a majority stake and the majority of voting rights, ensuring significant control over the company. The offering is managed by Goldman Sachs, which also has an option to purchase an additional 390 million euros worth of shares .