Douglas continues to take steps to accelerate its IPO process. The German retailer has chosen Goldman Sachs, Citi Deutsche Bank, UniCredit and UBS as the entities that will coordinate its IPO, sources close to the case have confirmed to the French news agency Reuters.
As indicated by the same media outlet, the Initial Public Offering (IPO), as the process by which a private company sells shares to the public for the first time, has been valued at up to 7,000 million euros.
Reuters attempted to question sources at Douglas but they declined to comment on the matter.
Last August, the same media outlet reported that the majority owner of the German retailer intended to trade on the Frankfurt Stock Exchange next year. At that time, Europapress indicated that CVC was working with Rothschild to study a possible IPO of the business for 2024, but no one wanted to confirm or deny this information.