Puig will sign the world’s largest IPO in 2024

All eyes on the market in IPO Puig, and not only the Spaniards. After two years of drought in stock markets around the world, the company completes a stock market debut destined to break several records.

PRFirst of all, it’s global. Puig hopes to raise between 2,500 and 3,000 million euros with his entry into the trading platform, and even the lowest of these figures will mean biggest IPO in the world this yearAccording to Dealogic.

Spanish company snatches the scepter from the Swiss Galderma, which took first place in March with 2.350 million euros. The Swiss company, in turn, took it away from Finnish Amer Sportswhich raised $1.45 billion in January with a listing on the New York Stock Exchange.

Five of the world’s 10 largest IPOs in 2024 will be led by American companies. but no one is upstairs. UL Solutions will drop to fourth when Puig makes his debut, with the rest of his compatriots further down the rankings.

Just behind Porsche

The second record is European. In addition to the fact that continental gold will be taken this year for the volume it intends to collect, Puig will also be the biggest stock market debut since Porsche.in 2022.

The car company will be hard to dislodge. She received 9.082 million from investors. That’s more than three times what Puig is looking for.so the Spaniards will have to be content with second place, even if it reaches its maximum of 3000 million.

The latest achievement is national, with largest IPO since Aena debuted in 2015 and that no one in Spain overshadows the Catalan cosmetics store, either among past IPOs or among the most upcoming ones.

There is neither one nor the other in Europe, at least in the foreseeable future. The year started with a thirst for IPOs and many were announced on the Old Continent, but The closest one to Puig is CVC. and the venture capital giant will ask investors for 1,250 million, which is much lower.

Pressure

All these records mean that the pressure on Puig is extremely high and comes from several fronts. The success of the operation will have consequences beyond Spain.as the stock market crisis has spread widely, any move forward is seen as a sign that doors are opening again, which will calm investor sentiment for the future, according to financial sources.

Because investment bankers still have doubts. Those anxiously awaiting the end of the drought recognize that the market is difficult, that funds are only willing to bet on the ultra-guaranteed winning horse and that it is difficult for them to commit in advance. in case the water stirs at the last momentthese sources add.

But they also agree that Puig has everything to change the situation and succeed where others have failed.

Yes, that’s how it is, They will be the first income from operations on the stock market. Investment banks will receive money for the transaction in Spain in 2024, according to Dealogic. Although Puig hopes for several records in the future, currently the commissions received in the Spanish market in the first quarter of the year are zero, and this is also a historical mark, but a negative one, which has never been recorded. in the country.