Douglas already has an IPO date. The German perfumery and cosmetics chain will go public this March 21. Douglas, which is owned by the investment fund CVC Capital Partners, has already set its listing on the Frankfurt Stock Exchange.
The company itself has issued the news in a press release and has explained that the offer begins on 12 March and that it expects to conclude on 19 March. This public offering, initially at 907 million euros, consists of the issuance of 32.7 million shares at a range of between 26 and 30 euros per share.
Douglas puts its market capitalisation at between 2.8 and 3.1 billion euros with a free float of between 29.3% and 31.8%.
After the IPO, CVC and the Kreke family will continue as the main holders of the multinational since they will not get rid of any of their shares during the transaction. As Europa Press points out, CVC will control between 54.4% and 55.5%, while the Kreke family will continue with 10.4%.
The firm's CEO, Sander van der Laan, expects the IPO to increase the company's financial flexibility and provide additional support to continue its business and development strategy.