European companies are preparing large IPOs in the second quarter – Kommersant

According to the agency BloombergEuropean non-public companies with a total valuation of about $40 billion are planning to conduct an initial public offering (IPO) in the second quarter of this year.

The placement of shares of the Italian shoe manufacturer Golden Goose may take place as early as April-May, unnamed knowledgeable sources told the agency. The company, whose investors include the large investment fund Permira, expects that during the placement it will be valued at €3–4 billion. The Golden Goose IPO may take place on the Milan Stock Exchange.

An IPO of local automobile distributor Astara is expected on the Madrid Stock Exchange in April. The company expects to float based on the valuation of its entire business at €2 billion. Another major IPO in Spain in the second quarter could be the placement of the Barcelona-based manufacturer of fashionable clothing, perfumes and cosmetics Puig (brands Nina Ricci, Paco Rabanne, Carolina Herrera, etc.).

During the IPO, investors could value this company at €10 billion, Bloomberg reports. Experts note that a revival in the European IPO market could occur after several years of weak activity caused first by the COVID-19 pandemic, and then by an aggravation of the geopolitical situation and a slowdown in macroeconomic activity.

Evgeny Khvostik