DOUGLAS AG Finalizes Share Offer Price at 26 Euros for Upcoming IPO

DOUGLAS AG, a leading omnichannel premium beauty destination in Europe, has announced the final offer price for its shares at 26.00 euros in anticipation of its initial public offering (IPO). The company will place a total of 34,192,455 shares, aiming for gross proceeds of approximately 850 million euros from 32,692,308 newly issued shares. An additional 1,500,147 shares are to be placed as a secondary offering to cover tax obligations related to management equity programs. The IPO values DOUGLAS AG at around 2.8 billion euros, with an expected market free float of about 31.8% post-IPO.

CVC Capital Partners and the Kreke family will remain the main indirect shareholders, holding approximately 54.4% and 10.2% of the shares, respectively, post-offering. The immediate interest from investors underscores the company's recent accomplishments and future growth potential driven by the 'Let it Bloom' strategy. The shares are scheduled for trading on the Frankfurt Stock Exchange's regulated market under the symbol DOU starting March 21, 2024. Citigroup and Goldman Sachs are serving as the major banks involved in the transaction.