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Puig targets 1.25 billion euro equity raise in planned Spanish IPO

Spanish beauty and cosmetics giant Puig has announced its intention to make an initial public offering (IPO) of its class B shares on Spanish Stock Exchanges, with the goal of bringing in a total of 2.5 billion euros (2.7 billion dollars) in funding. According to a regulatory filing for the parent company of Jean Paul Gaultier, Paco Rabanne and...