The perfumery chain Douglas is pressing ahead with its planned IPO. Just over a week after the official announcement, the subscription period for shares begins on Tuesday.
Up to 34.6 million shares will be offered until March 19 in a range of 26 to 30 euros, as Douglas announced on Monday evening in Düsseldorf. This would give the company a market capitalization of 2.8 to 3.1 billion euros. From March 21, Douglas plans to offer 32.7 million new shares on the Frankfurt Stock Exchange.
Most of the proceeds of up to 907 million euros will go to the Group itself, which intends to use the money to reduce its debt burden of more than three billion euros.
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