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in Fashion

CVC-Backed Perfume Retailer Douglas Raises $967 Million IPO

by Editor March 19, 2024, 9:04 pm 999 Views

CVC-Backed Perfume Retailer Douglas Raises $967 Million IPO

German perfume retailer Douglas AG priced its €890 million ($967 million) initial public offering at €26 a share, the bottom of a marketed range.

The CVC Capital Partners-backed firm sold about 32.7 million new shares and raised about €850 million, while current stockholders sold around 1.5 million existing shares, according to a statement. The offering values the company at around €2.8 billion.

Shares are set to start trading on…

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