The icing on the cake for the Puig group, which debuted on the stock market with some growth…

Catalan international cosmetics, fashion and perfume manufacturer Puig last week starred in largest IPO in Europe in 2024and also with the highest weight in Spain since 2015. However, its debut on the stock market turned out to be rather restrained: the session ended with virtually no changes relative to the initial offering price.

Puig’s shares began to be traded on the stock exchanges with great anticipation. Barcelona, ​​Madrid, Bilbao and Valencia

. In the first minutes after opening, the company’s value rose by more than 8%, reaching 26.50 euros per share. However, the initial euphoria quickly faded and during the day the share price fell to the issue price set at €24.50.

The closure of Puig’s tables during his stock market debut prompted different interpretations in the financial market. Although some analysts emphasize the strength of the company and investor confidence in its long-term potentialOthers point to the initial volatility as a reflection of the uncertainty surrounding markets at this time.

Puig, known for iconic brands such as Carolina Herrera, Paco Rabanne and Jean Paul Gaultierhas taken a significant step by going public in search of capital to finance its expansion and strengthen its position in the global fashion and beauty industry.

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